Asset Management

Vanguard blames pricing error as funds appear to have value halved

Drops were particularly concerning on a day when the Dow Jones Industrial Average fell almost 400 points

Some of Vanguard’s funds appeared to lose as much as half their value on Monday — but the company says those losses were just pricing glitches that were quickly rectified.

The $56bn Vanguard Wellesley Income fund, which invests in large cap value stocks and investment-grade bonds, appeared to lose 56%, according to Vanguard’s website.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump