qandaQ: There has been a change at Vanguard that changes our status on the Developed Markets Fund.  The question I have been getting is:  What do you recommend now that the Vanguard  Developed Markets Fund is closed?

Q: There has been a change at Vanguard that changes our status on the Developed Markets Fund.  The question I have been getting is: What do you recommend now that the Vanguard  Developed Markets Fund is closed?

A:  In April it is expected that the Developed Markets Fund and Tax Managed International Fund will merge.  When the merger was announced Vanguard stopped offering new shareholders the Developed Markets Fund but still offered the Tax Managed International Fund.  That’s the good news!  The bad news?  The minimum investment was $10,000.  As of today Vanguard has established an Investor Share class of the tax managed fund so it has a minimum of $3,000, the same as the Developed Markets Fund.  Investors who own the Developed Markets Funds should stay put as the fund is supposed to be open again in April.  We shall see.