Briefly
From Bloomberg News
Mutual fund company Vanguard Group raised minimum investments for its Windsor II and Wellington funds and closed a third to slow a flood of money and protect returns.
The minimum initial investment in the $44-billion Windsor II, Vanguard’s largest actively managed stock fund, and the $41-billion Wellington was increased to $10,000 from $3,000. Strategic Equity, a $7-billion quantitative fund, was closed to new investors, the Valley Forge, Pa.-based company said.
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