Vanguard cross-lists entire UCITS ETF range on Deutsche Börse

Oct 26th, 2017 | By | Category: Alternatives / Multi-Asset

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Vanguard has expanded its offering in Germany after cross-listing its entire range of European-domiciled ETFs on Deutsche Börse. The suite of 23 ETFs includes 13 market-cap weighted equity funds, six fixed income funds and four smart beta equity funds.

Sean Hagerty, head of Vanguard’s European business.

Sean Hagerty, head of Europe at Vanguard, commented: “We are very excited to be bringing our value proposition to Germany. We want to use our global experience and scale to offer investors the value for money they deserve. Over the next few months we look forward to increasing our presence in Germany, including opening an office in 2018.”

Vanguard, famous for its mutual ownership structure and championing of low-cost passive investing, hopes the suite of ETFs will provide investors with high-quality building blocks for creating balanced, diversified, long-term investment portfolios. The average asset-weighted ongoing charges figure of Vanguard’s UCITS ETF range is just 0.11%.

The range includes the $19.3 billion Vanguard S&P 500 UCITS ETF (VUSA), the £2.6bn Vanguard FTSE 100 UCITS ETF (VUKE) and the $149 million Vanguard USD Emerging Markets Government Bond UCITS ETF (VDET).

The Germany cross-listing also includes the recently launched Vanguard Euro STOXX 50 UCITS ETF (VX5E).

Sebastian Kulps, head of Germany at Vanguard, said: “The listing of our ETF range on the Deutsche Börse is an important milestone for Vanguard. ETFs have proven a great innovation, providing investors with broad diversification, transparency and liquidity at a low fee. We anticipate strong growth in ETF usage as individual and professional investors continue to recognise their benefits.”

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