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Vanguard has expanded its presence in Europe with the cross-listing of seven Irish-domiciled exchange-traded funds (ETFs) on the NYSE Euronext exchange in Amsterdam and Paris.
The Dutch and French debuts come less than two weeks after the asset manager broadened its European ETF line-up, which first launched in the UK in May 2012, and a little more than four months after it entered the Swiss market via listings on the SIX Swiss Exchange.
Six of the ETFs provide broad market exposure to markets including developed Europe, developed Asia Pacific ex Japan, Japan, United States, emerging markets and the world, while the seventh offers exposure to a global portfolio of high-dividend yielding stocks.
All of the ETFs are physically replicated and listed in euros. Their total expense ratios (TERs) range from 0.09% for the Vanguard S&P 500 ETF (VUSA) to 0.45% for the Vanguard FTSE Emerging Markets ETF (VFEM), putting them squarely among the lowest-cost products in the market.
Axel Lomholt, Vanguard head of product, international, commented: “Listing the ETFs in euros in Amsterdam and Paris underscores our commitment to European markets. Making our ETFs more readily available across Europe gives more investors a low-cost way to reach their investment goals.”
Vanguard launched its first ETF in 2001 in the US and now manages nearly $290 billion in ETF assets across 88 products worldwide.
Vanguard’s full NYSE Euronext line-up is as follows:
|Vanguard FTSE Developed Europe UCITS ETF||0.15%||VEUR|
|Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF||0.22%||VAPX|
|Vanguard FTSE Japan UCITS ETF||0.19%||VJPN|
|Vanguard FTSE All-World High Dividend Yield UCITS ETF||0.29%||VHYL|
|Vanguard S&P 500 ETF||0.09%||VUSA|
|Vanguard FTSE Emerging Markets ETF||0.45%||VFEM|
|Vanguard FTSE All-World ETF||0.25%||VWRL|