Industry News
All Vanguard News
Top stories summarized by our editors
Top stories summarized by our editors

Execs: Libor replacement debate could hinder transition

7/1/2021

Uncertainty about which benchmark will replace US dollar Libor in lending markets at year-end is harming an effort to transition to an alternative rate, executives say. "All this debate is happening at the eleventh hour, at a critical juncture, when we should really be transitioning away from Libor and on to [the Secured Overnight Financing Rate] or a credit-sensitive rate," says Sam Priyadarshi, global head of portfolio risk and derivatives at Vanguard.

Vanguard ramps up hiring of advisory talent

6/25/2021

Vanguard is looking to recruit advisors as the investment manager pushes into the advisory market. The company is also planning to make a technology investment totaling hundreds of millions of dollars annually, says Jon Cleborne, head of Vanguard Personal Advisor Services.

Tether among biggest holders of commercial paper

6/11/2021

Tether, the firm behind the stablecoin pegged to the US dollar, disclosed in May that it was holding almost $30 billion worth of commercial paper notes, roughly half of its reserves. JPMorgan analysts say the large amount puts it among the biggest investors in the commercial paper market, along with asset management giants BlackRock and Vanguard, and could suggest the firm has difficulty finding banks to take its cash deposits.

Vanguard launches ETF buying "ultra-short" bonds

4/8/2021

Vanguard brought to Cboe Global Markets an "ultra-short" exchange-traded fund focused on investment-grade bonds with two years or fewer left to maturity. The Vanguard Ultra-Short Bond ETF is actively managed.

Vanguard, BlackRock join zero-emissions initiative

4/1/2021

BlackRock and Vanguard have joined 41 other investment firms in the Net Zero Asset Managers initiative. The group, which controls assets of over $22.8 trillion, is committing to net-zero carbon emissions throughout portfolios by 2050, with BlackRock Chair and CEO Larry Fink commenting: "Helping investors prepare their portfolios and capture investment opportunities on the path to net zero is one of our greatest responsibilities."

Vanguard joins Net Zero Asset Managers initiative

3/29/2021

Vanguard has become the latest asset manager to pledge net-zero emissions by 2050 under the Net Zero Asset Managers initiative, which also counts BlackRock, Aberdeen Standard Investments, Allianz Global Investors among its signatories. As a signatory, Vanguard has one year to identify interim targets for 2030 and disclose what proportion of its assets will be affected by the 2050 goal.

Vanguard, BlackRock join zero-emissions initiative

3/29/2021

BlackRock and Vanguard have joined 41 other investment firms in the Net Zero Asset Managers initiative. The group, which controls assets of over $22.8 trillion, is committing to net-zero carbon emissions throughout their portfolios by 2050, with BlackRock Chair and CEO Larry Fink commenting: "Helping investors prepare their portfolios and capture investment opportunities on the path to net zero is one of our greatest responsibilities."

Vanguard targets Chinese retail investors with Ant deal

2/26/2021

Vanguard is withdrawing from institutional business in China to focus on the consumer market through a partnership with Ant Group. The move is complicated by Ant's operational overhaul in response to the government's objections to some practices.

Meet the world's "dirty thirty" institutional investors

2/25/2021

Many institutional investors are tying investments to environmental, social and corporate governance considerations, but the segment still has billions of dollars worth of holdings in coal companies. Reclaim Finance and Urgewald's "dirty thirty" list quantifies the worst offenders. At the top of the pack? Vanguard, with $86 billion invested in companies associated with thermal coal.