Weekly investors roundup: New Super Down Under; BLF appoints new managers
Vanguard launches a pension fund in Australia, the first new fund license to be approved in six years; Taiwan's Bureau of Labor Funds appoints seven asset managers - four foreign and three local; and more.
TOP NEWS OF THE WEEK
Fund manager Vanguard launched a pension fund in Australia called Vanguard Super on November 11 and is the first new fund license to be approved in the country in six years.
Vanguard Super opens with 12 products, including a default "Lifecycle" fund that gradually shifts a member's holdings into more conservative investments as they age.
The new super fund will hope to attract new members on the promise of low fees, which will be the lowest in the Australi…
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