Vanguard introduces accumulating share classes for four equity ETFs

Jul 26th, 2019 | By | Category: Equities

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Vanguard has introduced new accumulating share classes for four equity ETFs listed in Europe.

Vanguard rolls out accumulating share classes for regional equity ETFs

Vanguard rolls out accumulating share classes for regional equity ETFs. (file image)

The funds are linked to indices from FTSE Russell and provide exposure to large- and mid-cap stocks from the global, North American, developed Europe, and developed Europe ex-UK equity universes.

The ETFs collectively house nearly $6 billion in assets under management.

The new share classes have been listed on London Stock Exchange in US dollars and pound sterling, and on Deutsche Börse Xetra in euros.

Global

The Vanguard FTSE All-World UCITS ETF tracks the FTSE All-World Index, a reference for stocks across both developed and emerging markets globally. With approximately 2,900 holdings in nearly 47 countries, the index covers more than 90% of the global investable market capitalization.

Over half (54.2%) of the index weight is allocated to stocks from the US, with the next largest country exposures being Japan (7.7%), the UK (5.3%), China (3.5%), and France (3.3%).

The fund comes with an expense ratio of 0.25% and has over $2.7bn in AUM. The tickers for the new accumulating share classes are as follows VWRA LN (USD), VWRP LN (GBP) and VWCE GY (EUR).

North America

The Vanguard FTSE North America UCITS ETF tracks the FTSE North America Index. Over 95% of the index is allocated to stocks from the US with the remaining weight dedicated to Canada.

The fund comes with an expense ratio of 0.10% and has $300 million in AUM. The tickers are VNRA LN (USD), VNRG LN (GBP) and VNRA GY (EUR).

Developed Europe

The Vanguard FTSE Developed Europe UCITS ETF tracks the FTSE Developed Europe Index. The index covers stocks listed in 16 developed market countries in Europe: Austria, Belgium, Denmark, Finland, France, Germany, Greece, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom.

The largest country exposures are the UK (27.2%), France (17.1%), Switzerland (14.4%), and Germany (13.9%).

The fund comes with an expense ratio of 0.12% and has over $1.7bn in AUM. The tickers are VWCG LN (USD), VEUA LN (GBP) and VWCG GY (EUR)

Developed Europe ex-UK

The Vanguard FTSE Developed Europe ex UK UCITS ETF tracks the FTSE Developed Europe ex UK Index. The index also covers stocks from developed countries in Europe but excludes those listed in the UK.

As the UK is the largest country exposure in the developed Europe index, its exclusion significantly alters the weights of the ex-UK index. The largest country weights are France (23.5%), Switzerland (19.8%), Germany (19.1%), and The Netherlands (7.5%).

The fund comes with an expense ratio of 0.12% and has over $1.2bn in AUM. The tickers are VERE LN (USD), VERG LN (GBP) and VERE GY (EUR)

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