Vanguard set on bigger slice of Aussie pensions


Vanguard plans to offer a retirement investment product in the country by mid-year at the earliest, said Australian head Daniel Shrimski. — Reuters

NEW YORK: Vanguard Group Inc is accelerating its push into Australia’s A$3.3 trillion (US$2.3 trillion or RM9.87 trillion) pensions market just months after launching its debut fund in the fiercely competitive sector.

The US behemoth plans to offer a retirement investment product in the country by mid-year at the earliest, Australian head Daniel Shrimski said in an interview.

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