Vanguard Alternative Strategies Fund to benchmark to new FTSE Index
– FTSE Russell pleased to support the growth of liquid alternative funds with a new index
– New reference benchmark used for the launch of the Vanguard Alternative Strategies Fund
FTSE Russell, the global index provider, today notes that Vanguard has selected the FTSE 3-month US T-Bill +4% (per annum) Index as the primary benchmark for the Vanguard Alternative Strategies Fund. The fund follows an actively managed approach and invests in a variety of diversified alternative strategies. This fund will be added as an underlying investment within the Vanguard Managed Payout Fund, which was first launched in 2008.
Caroline O’Shaughnessy, Managing Director, Sales and Marketing at FTSE Russell said:
“FTSE Russell has world-class expertise in developing fixed income benchmark solutions for its clients, using recognised index methodology and transparent, rules-based standards to help meet the increasingly sophisticated needs of market participants around the world. As our clients develop their liquid alternative investment offerings, we are delighted to be able to support this evolution with the provision of bespoke FTSE fixed income benchmarks”.
– Ends –
For further information:
Harry Stein, +44 (0)20 7797 1222
Mark Benhard, +1 212 314 1199
Hong Kong: Fennie Wong, +852 2164 3267
Sydney: Laura McCrackle, +61 2 8823 3526
Notes to editors:
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