Vanguard Global Minimum Volatility Fund

Vanguard Australia has added active funds to its product line-up in Australia with the initial launch of three quantitative active funds, including the Vanguard Global Minimum Volatility Fund (the Fund).

The investment objective of the Fund is to provide long-term capital appreciation with volatility lower than the FTSE Global All Cap Index (AUD Hedged), before taking into account fees, expenses and tax.

Commenting on the launch, Vanguard Australia managing director Colin Kelton said: "Vanguard has a long-held conviction that there is a role for both index and active investments in a portfolio, and we are excited to offer Australian investors low-cost solutions in both active and index funds."

He added: "Our first active products are quantitative equity strategies and they bear the hallmarks of all Vanguard funds, diversification and low cost."

The other two funds launched are the Vanguard Global Quantitative Equity Fund and the Vanguard Global Minimum Volatility Fund.