Vanguard Adds Funds From Hottest, Coldest Categories

Index fund giant Vanguard said Thursday it will slap its label on the hot and tech-heavy (TRGEX Quote)Turner Growth Equity fund.

The announcement comes at a time when flows into index funds are slipping, but the move doesn't necessarily mean the anti-fad Vanguard is suddenly chasing hot money.

In fact, Vanguard also announced Thursday that it's launching a value fund, Vanguard U.S. Value. Yes, Janus just raised a stunning $1 billion for its new value fund, but money continues to flow out of the unpopular category, and Vanguard's struggling, $24.3 billion (VWNFX Quote)Windsor II fund in January waved goodbye to more money -- $1.7 billion -- than any other fund in the category, according to Boston fund consultant Financial Research. ...