Vanguard Investments has launched two new Canada-domiciled exchange-traded funds – the Vanguard FTSE Developed All Cap ex North America Index ETF and the Vanguard FTSE Developed All Cap ex North America Index ETF (CAD-hedged) – on the Toronto Stock Exchange (TSX).
The two developed markets ETFs bring to 23 the number of ETFs offered by the firm.
The new ETFs provide investors with exposure to developed markets (excluding both Canada and the U.S.), and follow all-capitalisation benchmarks that include large-, mid-, and small-capitalisation stocks.
"We believe an all-cap approach moves investors closer to complete global market-cap weightings and fuller diversification benefits," says Atul Tiwari, managing director of Vanguard Investments Canada Inc. "Such diversified exposure, at a low-cost, can help investors manage investment risk, enabling them to better weather market swings."
The new ETFs will join six international TSX-listed ETFs that have transitioned, are in the process of transitioning, or will transition to all-cap indexes as part of changes first announced by Vanguard in June 2015. Once the transitions are complete, Vanguard will offer 13 ETFs with all-cap exposure.
