Vanguard takes first step to democratize private investments with 'soft' launch of branded funds -- so soft Merrill Lynch and BoA private bankers get exclusive rights to sell them.

Latest News About Vanguard begins limited private fund rollout

Vanguard began a controlled rollout of private funds only available to Merrill Lynch and Bank of America private bankers on July 24, 2026. The so-called 'soft launch' right now excludes registered investment advisors. The move represents the company’s initial step toward making available private investment products under its brand. Vanguard also lowered charges on its $20 billion All-World ETF starting July 28, responding to competition. Separately, a leading review of major U.S. investors’ climate voting records came out this week. Other recent trends bolstered Vanguard’s index funds for sustained wealth building and its ETFs that turn $100 monthly contributions into long-term gains.

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