Vanguard boosts London listed ETFs
Vanguard has launched four Ireland domiciled ETFs on the London Stock Exchange, focused on UK, developed Europe ex-UK, developed world and North America.
The listings take the number of Vanguard Asset Management ETFS in the UK to 13. The manager has built up over $10bn in European ETF assets under management since launching its range in May 2012.
Vanguard said the costs to investors of its European ETF suite ranges from 0.07%-0.29%, against an industry average of 0.35%.
Ken Volpert, head of investments for Vanguard in Europe, said, “Today’s launch represents Vanguard’s commitment to offering UK investors a complete, broadly diversified ETF and mutual fund line-up in order to construct globally diversified portfolios at an extremely low-cost. ETFs are coming of age in Europe as both retail and institutional investors value their low costs, liquidity and transparency.”
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