Vanguard is warning investors of a rising threat that US regulators will impose restrictions on the size of stakes it can hold in companies, potentially driving up costs and increasing risks for some of the world’s largest and most popular index tracking funds. The world’s second-largest asset manager, with $9.
Vanguard’s latest disclosures, filed last week with the US Securities and Exchange Commission, warn that the Pennsylvania money manager may not be always able to breach the ownership maximums in the future. “It is not always possible to secure relief, and there is an increasing amount of uncertainty around how much ownership limitations relief regulators will grant to asset managers like Vanguard,” the asset manager said in the language it added to the funds’ prospectuses.
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