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Vanguard to Launch Inflation-Proof Bond Fund

New offering would help keep investors' rate of return from eroding.


Perhaps the Vanguard Group, like the Federal Reserve, sees inflation on the horizon.

Why else would the Valley Forge, Pa.-based fund family register a new Inflation-Protected Securities Fund just a few days before Tuesday's fifth interest-rate hike in nine months by the central bank?

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.