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Should You Applaud Vanguard's Move To Close Its Active Dividend Growth Fund?

I recently read the following announcement from Vanguard: "Vanguard Dividend Growth Fund (VDIGX) is closed to new investors as of July 28, 2016. The fund will remain open to existing investors for additional purchases "Vanguard is proactively taking steps to slow strong cash flows to help ensure that the advisor's ability to produce competitive long-term results for investors is not...

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This post first appeared on Dividend Growth Investor, please read the originial post: here

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Should You Applaud Vanguard's Move To Close Its Active Dividend Growth Fund?

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