Vanguard issued a warning that France is facing a credit downgrade as its borrowing costs rise sharply, a situation worsened by the financial strain from the Iran war and looming budget negotiations in Paris.
Vanguard introduced a new FTSE Global All Cap ETF that provides exposure to over 10,000 companies worldwide. While the product aims to reduce concentration risk, experts argue that it does not solve the fundamental issues of global ETFs and suggest better alternatives.
Vanguard, the world’s second-largest asset manager with approximately $12 trillion in assets under management globally, has appointed Pablo Bernal to lead its Spanish operations starting in 2025. The Spanish office manages €20 billion in assets under management.