Vanguard to launch five new ETFs in Canada

May 15th, 2014 | By | Category: Equities

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Vanguard has revealed plans to broaden its line-up of exchange-traded funds in Canada, with the launch five new ETFs on the Toronto Stock Exchange.

Vanguard to launch five new ETFs in Canada

Atul Tiwari, managing director of Vanguard Investments Canada.

The firm has filed a preliminary prospectus with the Canadian securities regulators for three international equity ETFs and two international bond ETFs.

Atul Tiwari, managing director of Vanguard Investments Canada, said: “We are committed to providing investors access to broadly diversified investments, managed by Vanguard’s experienced team of index investment professionals, at an extremely low cost.”

He added: “Since entering the Canadian market in 2011, Vanguard has gained increasing investor acceptance and recognition as a leading ETF provider.”

Vanguard’s existing Canadian line-up includes 16 ETFs with total assets of more than $2.4 billion.

On average, the provider’s fees are below those of other providers. The average management expense ratio (MER)—which includes the management fee—for Vanguard’s current crop of ETFs was 0.24% as of December 31, 2013, while ETF industry average was 0.80%. Mutual funds had an average MER of 2.25%.

The average management fee for Vanguard’s expanded line-up of 21 ETFs, which includes the five new funds listed below, is expected to be 0.22%.

Vanguard FTSE All-World ex Canada Index ETF
FTSE All-World ex Canada Index
MER 0.25%

Vanguard FTSE Developed Europe Index ETF
FTSE Developed Europe Index
MER 0.23%

Vanguard FTSE Developed Asia Pacific Index ETF
FTSE Developed Asia Pacific Index
MER 0.23%

Vanguard US Aggregate Bond Index ETF (CAD-hedged)
Barclays U.S. Aggregate Float Adjusted Bond Index (CAD Hedged)
MER 0.20%

Vanguard Global ex-US Aggregate Bond Index ETF (CAD-hedged)
Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged)
MER 0.35%

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