Vanguard announces further transitions in its investment leadership team. The firm recently announced the following changes to its portfolio management and investment strategy group:
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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VWO’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VWO management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VWO’s parent organization’s priorities and whether they’re in line with investors’ interests.