The art of being in the Vanguard

June 2023 in Previous Features

Asset management companies don’t get much bigger than Vanguard. The group, which recently turned 40, has about 280 funds around the world, with some $3 trillion in assets under management as of end-2014. That kind of size involves dealing with massive foreign exchange exposures, a task so big that Vanguard created a global team to handle FX trading.

AC: I’d like to start by asking a little about your role and what you’re focused on. AM: Anything we do here at Vanguard we want to make sure we have an emphasis on minimising the cost to our shareholders. And we take that approach regardless of asset class-- whether it is equities or fixed income products or FX, we look at our orders holistically and make sure we’re managing the risk and also the cost of execution appropriately. AC: AC: I’d like to start by asking a little about your role and what you’re focused on. AM: Anything we do here at Vanguard we want to make sure we have an emphasis on minimising the cost to our shareholders. And we take that approach regardless of asset class-- whether it is equities or fixed income products or FX, we look at our orders holistically and make sure we’re managing the risk and also the cost of execution appropriately. AC:

AC: I’d like to start by asking a little about your role and what you’re focused on. AM: Anything we do here at Vanguard we want to make sure we have an emphasis on minimising the cost to our shareholders. And we take that approach regardless of asset class-- whether it is equities or fixed income products or FX, we look at our orders holistically and make sure we’re managing the risk and also the cost of execution appropriately. AC:

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