Vanguard plans tax-managed small-cap equity fund
December 14, 1998
The Vanguard Group has filed a registration statement with the SEC for a new fund called the Vanguard Tax-Managed Small-Cap Fund.
The fund would be the firm's first tax-managed portfolio focusing on small capitalization stocks. The new Tax-Managed Small-Cap Fund will seek to provide long-term growth of capital while minimizing taxable capital gains by investing in stocks from the S&P SmallCap 600 Index.