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Vanguard launches mutual funds and ETFs based on S&P benchmarks

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Vanguard has launched eight index mutual funds and nine exchange-traded funds based on S&P domestic stock benchmarks.

Among the new offerings are ETF shares of Vanguard’s flagship Vanguard 500 Index Fund, the industry’s first index mutual fund for individual investors and currently the industry’s second-largest index mutual fund. Vanguard S&P 500 ETF features an expense ratio of 0.06 per cent, which is the lowest expense ratio for an ETF based on the S&P 500 Index.

Vanguard’s ETF family will expand to 55 offerings with the introduction of eight new equity funds and ETFs targeting the growth and value segments of the S&P 500 Index and the growth, value, and blend segments of the S&P MidCap 400 and SmallCap 600 Indexes.

“The new Vanguard index funds and ETFs offer our trademark low costs and tax efficiency, and aim for the utmost tracking precision. They will appeal to financial advisors and institutional investors seeking to build portfolios based on S&P benchmarks. In particular, the new ETFs will offer additional choices to investors and help Vanguard continue to build momentum in the ETF marketplace,” says Vanguard chairman and chief executive Bill McNabb.

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