When I reviewed MidCap Growth (VMGRX) at the start of the month, I said that “Vanguard continues to shuffle the managers at MidCap Growth in search of a winning hand.” Well, I had no idea that Vanguard was about to take a card out of the deck so quickly.
Today Vanguard sent RS Investments (part of Victory Capital) packing from the actively managed mid-cap growth fund, leaving Frontier Capital and Wellington Management as the fund’s two remaining sub-advisers.