Vanguard today reported that its exchange-traded funds (ETFs) continue to gain widespread investor acceptance in the United States and in other markets around the world. The third-largest worldwide provider of ETFs, with global ETF assets of $281 billion as of June 30, 2013, has expanded its suite of products in the United States, Australia, Canada, and Europe, and introduced its first ETF in Hong Kong.
“Investors worldwide have become more focused on broad diversification, low investment costs and transparency—the key characteristics of Vanguard index funds and ETFs. It is gratifying to see investors embracing the Vanguard way of investing as we seek to best position them for long-term financial success”
“Investors worldwide have become more focused on broad diversification, low investment costs and transparency—the key characteristics of Vanguard index funds and ETFs. It is gratifying to see investors embracing the Vanguard way of investing as we seek to best position them for long-term financial success,” said Jim Norris, managing director for Vanguard International.
Highlights for the first six months of 2013 include:
United States
Cash flow continues to be strong in Vanguard’s lineup of 67 U.S.-based ETFs, with investors entrusting an ETF industry-leading $26 billion to the firm year-to-date through June 30, 2013 (source: Bloomberg).
Vanguard has recently broadened its product line in the United States by introducing three low-cost fixed-income ETFs: Vanguard Total International Bond ETF (ticker: BNDX), Vanguard Emerging Markets Government Bond ETF (ticker: VWOB), and Vanguard Short-Term Inflation-Protected Securities ETF (ticker: VTIP).
In addition, Vanguard reported lower expense ratios on 56 ETFs over the past year, including reductions for some of its largest and most popular ETFs: the $55 billion Vanguard Emerging Markets ETF (from 0.20% to 0.18%) and the $31 billion Vanguard Total Stock Market ETF (0.06% to 0.05%).
Australia
Vanguard Investments Australia recently reached nearly $1 billion in ETF assets under management ($1 billion AUD). Vanguard Australia introduced its first three ETFs in 2009 and now offers a suite of nine ETFs. Among recent expense reductions, its all-world ex-US stock ETF dropped its management expense from 0.18% to 0.15%.
Canada
Vanguard Investments Canada had nearly $1 billion ($1 billion CAD) in ETF assets under management in June. Vanguard entered the Canadian marketplace in December 2011, listing six ETFs on the Toronto Stock Exchange. It added five more ETFs in November 2012.
Europe
Vanguard Asset Management had $1.4 billion (€1.09 billion) in ETF assets under management as of the end of June. The company launched four new physically backed, Irish-domiciled ETFs in May 2013 on the London Stock Exchange, complementing the five Irish-domiciled ETFs that it brought to the European market in 2012. Vanguard has also cross-listed seven of the ETFs on the NYSE Euronext Exchange in Amsterdam and Paris, and on the SIX Swiss Exchange in Switzerland.
Hong Kong
Vanguard Investments Hong Kong introduced its first ETF in May 2013 on the Hong Kong Stock Exchange. In Asia, Vanguard provides institutions and intermediaries with access to its global management capabilities through ETFs, separately managed accounts and mutual funds. The Hong Kong office serves as the Asian hub for the company, which established a site in Japan in 2000 and in Singapore in 2003.
About Vanguard
Vanguard, headquartered in Valley Forge, Pennsylvania, is the world’s largest mutual fund company and one of the world’s largest investment management companies. Vanguard manages more than $2.5 trillion in global assets, including $281 billion in global ETF assets. The firm offers more than 160 funds to U.S. investors and more than 80 additional funds in non-U.S. markets. For more information, visit vanguard.com.
All asset figures are as of June 30, 2013, unless otherwise stated.
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