Vanguard Adds Sprucegrove Investment Management to Manager Roster

Posted on 10/12/2020


Vanguard announced Toronto-based Sprucegrove Investment Management Ltd. (Sprucegrove) will be added to the firm’s roster of active fund managers. Effective October 12, 2020, Sprucegrove will join Lazard Asset Management LLC and ARGA Investment Management, LP in overseeing the US$ 9.8 billion Vanguard International Value Fund. Sprucegrove will manage the 35% of the Fund previously overseen by Edinburgh Partners Limited. Edinburgh Partners Limited is a wholly owned subsidiary of Franklin Templeton Investments (part of Franklin Resources, Inc.)

Sprucegrove has US$ 13.8 billion in assets under management. Founded in 1993, the employee-owned firm maintains an investment philosophy focused on constructing portfolios of quality companies at attractive valuations. Arjun Kumar and Shirley Woo will co-manage Sprucegrove’s portion of the Fund.

Vanguard International Value Fund invests in companies from developed and emerging markets around the world that its advisors view as temporarily undervalued by the markets.

Keywords: The Vanguard Group Inc.

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