Vanguard to wind up European domiciled active factor ETFs

Nov 30th, 2020 | By | Category: ETF and Index News

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Vanguard has announced that its suite of four European domiciled actively managed factor ETFs are to close.

Vanguard shuns smart beta by shutting all active factor ETFs

The funds’ last day of trading will be 23 February 2021.

The move ends Vanguard’s foray into factor ETFs in Europe, refocusing the firm on its core business of providing low-cost, broad market index funds.

The four active funds, which debuted in December 2015, offer broad, globally diversified equity exposure but use insights from Vanguard’s Quantitative Equity Group to tilt towards the value, momentum, liquidity, and volatility factors.

Collectively, the funds house $300 million in assets under management, a relatively modest amount for a powerhouse like Vanguard, the world’s second-largest ETF issuer by AUM.

They are the $170m Vanguard Global Value Factor UCITS ETF (VVAL LN), the $60 Vanguard Global Momentum Factor UCITS ETF (VMOM LN), the $10m Vanguard Global Liquidity Factor UCITS ETF (VLIQ LN), and the $50m Vanguard Global Minimum Volatility UCITS ETF (VMVL LN).

The final trading day for the ETFs is expected to be on 23 February 2021 following which the funds will be delisted from the London Stock Exchange, Deutsche Börse Xetra, SIX Swiss, Euronext Amsterdam, and Borsa Italiana.

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One Comment to “Vanguard to wind up European domiciled active factor ETFs”

  1. eric says:

    when will VVAL pay out after closing? Vanguard doesn’t provide information and doesn’t reply to enquiries. A big minus

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