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Vanguard vs. Fidelity TIPS Fund

HenryTo
Site Admin

Joined: 06 Aug 2004
Posts: 11742
Location: Los Angeles, California

Posted: Thu Aug 02, 2007 12:07 am Post subject: Vanguard vs. Fidelity TIPS Fund

http://www.bloomberg.com/apps/news?pid=20601087&sid=aBg9QZluwYDQ&refer=home

Quote:

Fidelity Investments' Inflation- Protected Bond Fund is lagging behind its biggest competitor, Vanguard Group, after losses in subprime mortgages, this year's worst-performing debt market.

The Vanguard Inflation-Protected Securities Fund holds only TIPS or other Treasury securities, co-manager Kenneth Volpert said. It returned 4.49 percent in the past 12 months, more than the 3.63 percent average of those that invest in TIPS, according to data compiled by Morningstar.

``Our investors value the simplicity and purity of the fund,'' said Volpert, 47. Vanguard, based in Valley Forge, Pennsylvania, is the second-largest mutual-fund company after Fidelity.

The Fidelity fund rose 3.87 percent in the past year, Morningstar data show. It gained at an annual rate of 3.75 percent over the past three years, beating the 3.39 percent average of its rivals.

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