The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Vanguard Responds to Demand with New ETFs Not Rated 3.0 Email Routing List Email & Route  Print Print
Friday, December 21, 2007

Vanguard Responds to Demand with New ETFs

Reported by Erin Kello

Today, Vanguard launched three new index funds: the Vanguard Mega Cap 300 Index Fund, the Vanguard Mega Cap 300 Growth Index Fund, and the Vanguard Mega Cap 300 Value Index Fund. ETF Shares of the new funds have begun trading on NYSE Arca.

"This is really recognition that Vanguard sees the ETF market as meeting investor demand and also that ETFs are in demand from brokerages and advisors," Dan Wiener, editor of The Independent Adviser for Vanguard Investors, told the MFWire. "

The ETF shares will have an expense ratio of 13 bps , below the 17 bps cost of the average large-cap ETF. Institutional Shares of the funds will carry an expense of 8 bps for investments of $5 million or more.

Wiener said in the future to expect to see a small-cap overseas ETF and a global bond index ETF from Vanguard to fill in the gaps in their product lines. The company already offers a global bond fund to it's overseas clients.

Vanguard currently has 37 exchange-traded funds.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use