Why Didn’t Vanguard Close VIG Like It Closed VDIGX?

Posted on by swhalen98

The Vanguard Dividend Growth Fund (MUTF:VDIGX) recently shut its doors to new investors. That’s prompted a lot of discussion about the Vanguard Dividend Appreciation ETF (NYSEARCA:VIG), which remains “open.” Why is one closed and the other not, and what does it mean for you?