Eight Vanguard Index Funds May Get New Bogies
Proposal signals Vanguard's dissatisfaction with "one-dimensional" indexes.
Vanguard may change the benchmarks for up to eight of its stock index funds, including those following the S&P/Barra growth and value indexes, to a new set of U.S. stock market bogies developed by Morgan Stanley Capital International.
The world's second-largest fund family also wants to turn its Vanguard Utilities Fund (VGSUX) into a more broadly diversified offering that invests in companies from all industries that pay above average dividends.
Dan Culloton has a position in the following securities mentioned above: VINIX, VDIGX. Find out about Morningstar’s editorial policies.