Vanguard launches money market fund

Vanguard has launched sterling short-term money market fund. Managed by a team of specialist fund managers in Vanguard's Fixed Income Group, the UK-domiciled fund aims to provide capital stability and maintain high levels of liquidity, while generating a higher return than cash over the long term. Vanguard has managed money market strategies for over forty years, and currently looks after over £240bn (as of 31 May 2019) in money market strategies on behalf of investors' globally. Matthew Piro, head of Product, Europe, Vanguard said on the launch: "The Vanguard short-term money market ...