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Vanguard hatches bold plan to crash the super party


Vanguard hatches bold plan to crash the super party
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A new superannuation product by US-based investment giant Vanguard that could shake the $3 trillion industry on its foundations is inching closer to launch.
Structured much like an industry super fund, the $US6.7 trillion ($8.68 trillion) fund manager aims to have its highly disruptive product in the market by the end of the year. However, industry sources say it could be sooner.
Vanguard is already the biggest provider of Exchange Traded Funds in Australia. Now it wants a slice of the $3 trillion superannuation market. ....

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