How to get your portfolio up to date with Vanguard Mutual Funds
VANGUARD FUNDS is getting ready to unveil a new portfolio calculator that will help investors get their funds up to the highest levels of value.
In an effort to improve their product, Vanguard will be releasing a new calculator for investors to use, said Scott Anderson, director of Vanguard’s portfolio analysis group.
The new calculator will have the ability to convert stocks, bonds, and mutual funds into a variety of different investments, such as cash, ETFs, and individual funds.
The calculator will also have a tool that allows users to compare funds with similar metrics.
A lot of people have been looking for a new way to get their portfolios up to value, Anderson said.
“We have a lot of folks who are looking to diversify their portfolios,” he said.
“We wanted to offer the ability for them to do that while also helping them understand their portfolio.”
The new calculator, which will be available this week, will include all the necessary data to help investors understand what assets they should be investing in and where they should invest their money.
It will also give a more granular view of the portfolio management options available to the investor, according to Anderson.
While some people may want to use the calculator to compare a fund’s performance over time, others may want more granularity in their portfolio selection.
The current Vanguard portfolio calculator only allows investors to choose between three asset classes: fixed income, equities, and a diversified portfolio.
The newer calculator will allow users to choose a broader portfolio, which could include stocks, or even a mix of both.
The calculator will be free to users of the Vanguard Investor app and will be open to the public through August 18.
Vanguard is currently using a database to identify investment opportunities and create an “ecosystem of value” that can guide investments in the investor’s portfolio.
For this new calculator to work, the database must be updated every three years.
The updated portfolio calculator will provide users with a tool to compare their investments against a comparison of a comparison set that the company provided in 2015, Anderson added.VANGUARDS newest portfolio calculator is available for free on its website and will allow investors to compare all the different asset classes.
The company also is looking to create a portfolio calculator for the U.S. equity market, where the company hopes to offer an interactive way to compare different stock and bond funds.