Vanguard has launched the first S&P 500 exchange traded fund on the Hong Kong Stock Exchange bringing the number of Vanguard ETF offerings on the exchange to five.
The Vanguard S&P 500 Index ETF provides Hong Kong investors with an opportunity to further diversify their portfolios with broad US equity exposure, which represents approximately 500 leading companies in leading industries of the US economy.
With a total expense ratio (TER) of 0.25 per cent annually, it is the lowest cost US equity ETF available in Hong Kong.
Vanguard Asia Regional Managing Director Shelly Painter says: "Today's launch of the Vanguard S&P 500 Index ETF demonstrates our ongoing commitment to the Hong Kong market, and provides investors with another core building block to build a globally diversified portfolio.
"As with the four ETFs we have previously launched, this product has a low total expense ratio, allowing investors to keep more of their returns.
"Together with our existing line-up, Developed Europe (3101), Japan (3126), and Asia ex Japan (2805), with just four ETFs investors can access close to 80% of the world's total equity market capitalisation representing around 2,200 stocks across 30 countries for a weighted-average TER of 0.26%5. Our equity income ETF, Asia ex Japan High Dividend Yield (3085), offers exposure to higher yielding stocks across Asia ex Japan with a TER as low as 0.45 per cent.”
