Vanguard to cut British exposure across $70 billion UK product range

Fund giant slashes UK exposure as investors sour on Britain

One of the world’s largest money managers is shedding its investments in the UK, after investors said they wanted more of their cash to be allocated overseas despite a government push to encourage investment in domestic equities. Vanguard, the world’s second largest asset manager, said ...

Vanguard Cuts Allocation to UK Assets for £52 Billion Fund Range

Vanguard Group’s biggest UK fund range is set to reduce its exposure to domestic stocks and bonds, a move that runs counter to the Labour government’s ambitions to channel investment into the country’s markets.

Vanguard to cut British exposure across $70 billion UK product range

Vanguard will scale back its exposure to UK stocks and bonds across a retail fund range managing about 52 billion pounds ($70 billion), despite government pressure on asset managers to steer more money into domestic markets.

Rachel Reeves dealt 'vote of no confidence' as fund pulls £2bn of UK investment following 'benefits Budget'

Vanguard has announced plans to cut almost £2billion worth of British equities from its popular LifeStrategy funds, reducing UK exposure despite a rally in domestic markets.The investment giant, which oversees around £9trillion in assets globally, said it will lower the allocation to UK shares in its LifeStrategy range from 25 per cent to 20 per cent.Just days ago, the Chancellor proclaimed the dawn of "a new golden age for the City" whilst seek…

Fund giant to offload £1.9bn of UK shares

Vanguard cuts fees on LifeStrategy range and reduces UK bias

Vanguard has announced it is cutting the fees across its £52bn LifeStrategy funds range and reducing the funds’ bias towards UK assets. The firm will slash the fees on its flagship multi-asset funds from 0.22% to 0.2% on 27 January this year. Meanwhile, the funds’ allocation to both UK equities and bonds will be reduced to 20% between March and June. The fee reductions, which will also be made to its model portfolio solutions, are estimated to r…