Vanguard Group reopened the Windsor II, Wellington and Strategic Equity funds, said spokesman John Demming. Vanguard Windsor II, whose six subadvisers managed a combined $45 billion when it closed, reopened with $46 billion. The balanced Wellington Fund, which closed at $41.6 billion, reopened with $44 billion. The active quantitative midcap blend Strategic Equity Fund, which closed at $7.2 billion, reopened with $7 billion, while the minimum initial investment was raised to $10,000 from $3,000.
The funds were closed to new investments in April to moderate inflows after a period of strong performance. "The measures we put in place to moderate cash flow and protect investors have been successful. ... After careful consideration, we feel comfortable removing the restrictions," Vanguard CEO John J. Brennan said in a news release.