Vanguard Canada Shifts Global Equity Fund to Momentum ETF, Cuts Fees

Vanguard Investments Canada is restructuring its Vanguard Global Equity Fund (VIC600) to invest substantially all its assets in the Vanguard Global Momentum Factor ETF (VMO), effective on or before December 7, 2026. Vanguard Global Advisers' Quantitative Equity team will become the fund's sole sub-advisor, replacing its existing investment approach with a momentum-focused strategy. Management fees will fall from 0.55% to 0.35% for Series F and from 0.53% to 0.33% for Series M. The transition is expected to trigger an unusually large capital gains distribution, estimated at C$2.08 per unit, potentially creating tax implications for investors. The fund will retain its VIC600 code and performance history, while its benchmark will switch from the MSCI ACWI Index to the FTSE Developed All Cap Index.