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Pension board votes to move $2 million from Euro Pacific Growth to Vanguard international index fund
Summary
The Punta Gorda City Pension Board approved a $2 million reallocation from the Euro Pacific Growth fund into the Vanguard Total International Stock Index (VTIAX), a motion recommended by the board’s investment consultant and carried unanimously.
The Punta Gorda City Pension Board voted unanimously to move $2,000,000 from the Euro Pacific Growth fund into the Vanguard Total International Stock Index (VTIAX).
Jack, the investment consultant from Mariner, recommended the reallocation as a way to reduce tracking error and costs. "My recommendation is to take 2,000,000 from Euro Pacific Growth and add it to a new fund Vanguard Total International Stock Index, VTIAX," Jack said.
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