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Vanguard launches five equity ETFs

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Vanguard Investments Canada has launched five equity Canada-domiciled exchange-traded funds on the Toronto Stock Exchange (TSX).

Vanguard, which entered the Canadian market in December 2011 and saw its Canadian ETFs surpass USD1bn in assets earlier this year, now offers 16 ETFs.
 
The news funds are: the Vanguard FTSE Canada All Cap Index ETF (VCN); Vanguard FTSE Developed ex North America Index ETF (VDU); Vanguard US Dividend Appreciation Index ETF (CAD-hedged) (VGH); Vanguard US Dividend Appreciation Index ETF (VGG); and Vanguard US Total Market Index ETF (VUN).
 
“Vanguard ETFs are distinguished in the market by low-cost, broadly diversified portfolios,” says Atul Tiwari, principal and managing director of Vanguard Investments Canada. “Our new ETFs follow this same principle, enabling financial advisors and investors to better construct broadly diversified portfolios at a low cost.”
 
Vanguard has reduced the management fees for Vanguard FTSE Emerging Markets Index ETF (VEE) and Vanguard FTSE Developed ex North America Index ETF (CAD-hedged) (VEF). Effective today, the management fee of VEE fell to 0.33 per cent from 0.49 per cent and, effective 24 July 2013, the management fee of VEF fell to 0.28 per cent from 0.37 per cent. With the addition of the five new ETFs, Vanguard’s line-up of 16 ETFs will feature an industry-low average management fee of 0.21 per cent.
 
Additionally, Vanguard expects to launch two new fixed income Canada-domiciled ETFs in the near future – Vanguard US Aggregate Bond Index ETF (CAD-hedged) (VBU); and Vanguard Global ex-US Aggregate Bond Index ETF (CAD-hedged) (VBG).

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