Vanguard Active Global Credit Bond Fund

Vanguard has launched three new active funds as part of its Manager Select Series. The Vanguard Active Global Credit Bond Fund is managed by Vanguard's fixed income group.

It invests in a portfolio of investment grade global credit fixed income bonds and will aim to outperform the Bloomberg Barclays Global Aggregate Credit Index in Australian dollars. The fund will be offered at a fee of 0.4% per annum.

"These new funds source the best managers from around the world, a process which has been a fundamental part of our global active business for over forty years. We go to great lengths to identify and select talented global managers that meet the needs of local investors," Evan Reedman, head of product and marketing at Vanguard Australia said.