Curt Jacques

Vanguard has expanded its Australian investment range offering four new investment options in global technology and international high yield, with three new ETFs and one unlisted managed fund.

The new funds are designed to work as simple, low‑cost building blocks for investors seeking global technology and income‑focused allocations in diversified portfolios.

The four products being launched today are:

• Vanguard Global Technology Index ETF (ASX:VTEK).
• Vanguard Global Technology Index (Hedged) ETF (ASX:VTKH), a currency hedged version of VTEK
• Vanguard International Shares High Yield ETF (ASX:VIHY)
• Vanguard International Shares High Yield Fund, a managed fund version of VIHY

The global technology funds will track the FTSE All‑World Technology 300 Capped Net Tax Index, which includes approximately 300 stocks across more than 20 countries. The funds will have exposure to leading technology companies such as NVIDIA, Apple, Microsoft, Taiwan Semiconductor Manufacturing Company (TSMC) and ASML Holding.

The new international high-yield funds will track the FTSE All-World ex Australia High Dividend Yield Net Tax Index, an income-focused index which covers approximately 2,200 stocks globally.

Curt Jacques, Head of Product Offer at Vanguard Australia, said the new funds respond to increasing interest from Australian investors in global technology and income‑oriented strategies.

“Our new global technology funds give investors access to large and mid-cap tech leaders across developed and emerging markets, not just the U.S.

“Meanwhile, our international high yield funds give investors access to a diversified, income‑generating portfolio of international companies that complements Vanguard’s Australian Shares High Yield ETF and fund,” he said.

David Ho, Head of Pacific, FTSE Russell says, “We are proud to deepen our global collaboration with Vanguard through the launch of these new funds, supported by our indices that provide diversified exposure to global technology innovation and resilient international income. We look forward to supporting Vanguard as they continue to expand and evolve their offering for investors worldwide.”

The new funds are offered at these management fees, VTEK 0.23%, VTKH 0.26%, VIHY 0.30% with the managed fund 0.36% per annum.

The ETFs will be available for trading on the ASX from 25 March, while the unlisted fund can be accessed via Vanguard Personal Investor also from 25 March.

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Curt Jacques

Vanguard Australia is reducing the management fee for the Vanguard Australian Government Bond Index ETF (ASX:VGB) by four basis points to 0.16% per annum^[1], effective yesterday.

This latest fee reduction follows two fee decreases introduced this time last year for the Vanguard Australian Fixed Income Index ETF (ASX:VAF) and the Vanguard Australian Shares Index ETF (ASX:VAS).

Vanguard Australia’s Head of Product Offer, Curt Jacques says keeping costs low is an important way Vanguard helps investors achieve their goals.

“Vanguard is focused on delivering value to investors through lower fees, high quality experience and best-in-class investment management.

“We’ve been pleased to be able to achieve more than 40 fee reductions for our Australian investors in the past decade across our range of products and services.

“This fee change may be good news for investors seeking to move out of cash holdings to capture low cost, durable, resilient yields, with the potential for additional price appreciation as rates eventually decline.

“Following the Reserve Bank of Australia keeping rates on hold last week and removing their tightening bias, our outlook for bonds remains positive and we expect interest rates to ultimately settle at levels above those in recent memory”, he said.

VGB is the largest, most liquid and most diversified Australian government bond ETF listed on the ASX, providing exposure to high-quality, income-generating bonds issued by the Commonwealth Government of Australia, Australian State Government authorities, and treasury corporations.^[2]

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Notes:
[1] Other fees and costs may apply. Please refer to the PDS and TMD
[2] Source: Bloomberg & ASX Investment Products monthly report – last 12 months to February 2024: https://www.asx.com.au/issuers/investment-products/asx-funds-statistics

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Based in Sydney, Mr Jacques’ appointment follows a comprehensive recruitment process and joins Vanguard Australia as it continues its growth and expansion of low cost, high quality products and services for Australian investors.

Vanguard Australia’s Managing Director Frank Kolimago said: “Curt’s appointment further adds to the depth of skills and knowledge of the team at Vanguard Australia as we continue the steady journey of building presence and earning greater trust with more direct investors and financial advisers”.

Mr Jacques comes to Vanguard most recently from Macquarie Group and brings nearly 20 years of risk expertise working alongside asset managers and global banks in enhancing their risk programs and frameworks.

He has a B.S. in Business Administration from Babson College and holds Chartered Professional Accountant, Certified Information Systems Auditor and Project Management Professional certifications.

Mr Jacques starts on 18 November 2020 and Vanguard looks forward to welcoming him.

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