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Vanguard to change target benchmarks for four ETFs


Vanguard Investments Canada plans to transition four Vanguard TSX-listed exchange-traded funds to benchmarks developed by FTSE and the University of Chicago’s Center for Research in Security Prices (CRSP).

The transition is expected to provide cost savings over time for the ETFs.

The four funds in question are: the Vanguard MSCI Canada Index ETF (VCE); the Vanguard MSCI US Broad Market Index ETF (CAD-hedged) (VUS); the Vanguard MSCI EAFE Index ETF (CAD-hedged) (VEF); and the Vanguard MSCI Emerging Markets Index ETF (VEE), which will now be known as: the Vanguard FTSE Canada Index ETF; the Vanguard CRSP US Total Market Index ETF (CAD-hedged); the Vanguard FTSE Developed ex North America Index ETF (CAD-hedged); and the Vanguard FTSE Emerging Markets Index ETF, respectively.

“The indexes from FTSE and CRSP are well constructed, offer comprehensive coverage of their respective markets, and meet Vanguard’s ‘best practice’ standards for market benchmarks,” says Gus Sauter (pictured), chief investment officer of The Vanguard Group. “Equally important, and with our clients’ best interests in mind, we negotiated licensing agreements for these benchmarks that we expect will enable us to deliver significant value to our ETF investors.”

Vanguard also plans to transition 22 US-domiciled index funds/ETFs to FTSE and CRSP benchmarks.

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