VALLEY FORGE, PA — Vanguard said it recently launched two index-based exchange-traded funds focused on developed markets outside the United States to provide investors with additional options for international equity exposure.
The new funds, Vanguard Developed Markets ex-US Value Index ETF (VDV) and Vanguard Developed Markets ex-US Growth Index ETF (VDG), each carry an expense ratio of 0.08%, the company said.
Vanguard said the ETFs are designed to give investors targeted exposure to developed markets equities based on investment style, allowing for more customized portfolio allocations.
“The ETFs are designed to provide targeted exposure to developed markets equities by investment style,” Dan Reyes, global head of investment product, said.
The funds are managed by Vanguard’s Global Equity Index Management group, with portfolio managers including Jeffrey D. Miller, Christine D. Franquin, John Kraynak, and Nicole Brubaker, according to the company.
Vanguard said the ETFs can be used individually or combined with other funds, such as its developed and emerging markets ETFs, to build broader international portfolios.
The firm, founded in 1975, provides investment management and advisory services to investors globally through a range of funds and financial products.
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