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Vanguard Cools Hot Fund

|Includes: AAPL, BAC, DAL, DBC, QCOM, UNG, Wells Fargo & Co. (WFC)

Vanguard has closed its Capital Value Fund (MUTF:VCVLX) to new investors, after top holdings like Wells Fargo (NYSE:WFC) and Qualcomm (NASDAQ:QCOM) put the fund at risk for overheating.

The move to close the fund to new investors is in part to shield existing investors, Vanguard notes. The influx of more than $740 million into the fund this year could drive performance-chasing investors to trade in and out of the fund, hiking transactional fees for all. The fund has risen moreā€¦.READ MORE

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