Nucleus, the IFA-owned and controlled wrap proposition, has added the eleven funds in Vanguards UK range onto the platform.
Of the eleven tracker funds, which only became available to UK investors on 23 June, five are UK domiciled with the remainder domiciled in Ireland. Globally, Vanguard oversees more than GBP1.1 trillion under management in equity and bond index mandates, and has more than three decades of index management experience.
Vanguard has entered the UK market with a competitive price proposition that has presented a challenge to the rest of the asset management sector, says Rebecca Christensen, communications director at Nucleus. Vanguards desire to keep costs low and value for customers high is very much in line with our own thinking and we are pleased to welcome the funds onto the platform.
We are very happy investors will be able to access our funds via the Nucleus platform. Nucleus shares our desire to offer customers the best possible investment options while keeping costs low. At Vanguard we have never paid for distribution, and so are dedicated to making Vanguards funds available to UK investors in ways which do not diminish returns through unnecessary charges, says Tom Rampulla, managing director, Vanguard Investments UK.
With our UK launch we hope to build on the success we have achieved in the US, as the leading provider of high-value, low cost investment products and services.
L.D.