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Vanguard short-term gilt fund to combat abnormally long debt in UK
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Vanguard short-term gilt fund to combat abnormally long debt in UK
Vanguard has today (12 June) launched a UK short-term gilt fund that aims to contrast with the uncommonly long debt maturity in Britain. Gilts have an average maturity debt of 14.4 years – one of the longest in the developed world. It juxtaposes sharply with its counterparts in places such as the US, which average at 6.3 years. Head of fixed income product specialism Kelly Gemmell said the fund aims to provide diversification in a predominantly …
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