Vanguard Investments Canada Inc. announced today that five new equity Canada-domiciled exchange-traded funds (Vanguard ETFs™) will begin trading this morning on Toronto Stock Exchange (TSX). Vanguard, which entered the Canadian market in December 2011 and saw its Canadian ETFs surpass $1 billion in assets earlier this year, now offers 16 low-cost, high-quality ETFs.
“Our new ETFs follow this same principle, enabling financial advisors and investors to better construct broadly diversified portfolios at a low cost.”
Vanguard ETF™
Benchmark Index
Annual
Management
Fee1
(% of NAV)
TSX
Ticker
Symbol
Vanguard FTSE Canada All Cap Index ETF
FTSE Canada All Cap Index
0.12%
VCN
Vanguard FTSE Developed ex North America Index ETF
FTSE Developed ex North America Index
0.28%2
VDU
Vanguard U.S. Dividend Appreciation Index ETF (CAD-hedged)
NASDAQ US Dividend Achievers Select Index (CAD hedged)
0.28%2
VGH
Vanguard U.S. Dividend Appreciation Index ETF
NASDAQ US Dividend Achievers Select Index
0.28%2
VGG
Vanguard U.S. Total Market Index ETF
CRSP US Total Market Index
0.15%2
VUN
“Vanguard ETFs are distinguished in the market by low-cost, broadly diversified portfolios,” said Atul Tiwari, principal and managing director of Vanguard Investments Canada. “Our new ETFs follow this same principle, enabling financial advisors and investors to better construct broadly diversified portfolios at a low cost.”
Vanguard also announced reduced management fees for Vanguard FTSE Emerging Markets Index ETF (VEE) and Vanguard FTSE Developed ex North America Index ETF (CAD-hedged) (VEF). Effective today, the management fee of VEE fell to 0.33% from 0.49% and, effective July 24, 2013, the management fee of VEF fell to 0.28% from 0.37%. With the addition of the five new ETFs, Vanguard’s lineup of 16 ETFs will feature an industry-low average management fee of 0.21%.*
Additionally, Vanguard expects to launch two new fixed income Canada-domiciled ETFs in the near future.
Vanguard ETF™
Benchmark Index
Annual
Management
Fee1
(% of NAV)
TSX
Ticker
Symbol
Vanguard U.S. Aggregate Bond Index ETF (CAD-hedged)
Barclays U.S. Aggregate Float Adjusted Index (CAD Hedged)
0.25%2
VBU
Vanguard Global ex-U.S. Aggregate Bond Index ETF (CAD-hedged)
Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged)
0.35%2
VBG
About Vanguard
Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The Vanguard Group, Inc. and manages more than $1 billion (CAD) in assets. Vanguard is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages more than $2.5 trillion in global assets, including $285 billion in global ETF assets. Vanguard has offices in the United States, Canada, Europe, Australia and Asia. The firm offers more than 160 funds to U.S. investors and more than 80 additional funds, including ETFs, to clients in the other markets in which the firm operates.
Vanguard operates under a unique operating structure. Unlike firms that are publicly held or owned by a small group of individuals, The Vanguard Group is owned by Vanguard’s US-domiciled funds and ETFs. Those funds, in turn, are owned by Vanguard clients. This unique mutual structure aligns Vanguard interests with those of its investors and drives the culture, philosophy, and policies throughout the Vanguard organization worldwide. As a result, Canadian investors benefit from Vanguard’s stability and experience, low-cost investing, and client focus. For more information, please visit vanguardcanada.ca.
All asset figures are as of July 31, 2013, unless otherwise noted.
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