Vanguard launches four diversified ETFs
Vanguard has announced a launch of a suite of four exchange traded funds (ETFs) that provide greater access to its diversified portfolio strategies and will allow investors gain diversification across and within all major asset classes.
Vanguard said that the conservative (VDCO), balanced (VDBA), growth (VDGR) and high growth (VDHG) ETFs would also offer investors trade access to its expertise in portfolio management and asset allocation, with annual investment costs at just 0.27 per cent.
Additionally, each diversified index ETF would be a share class of an existing Vanguard Diversified Fund Index, allowing investors to benefit from an established asset pool, collectively worth more than $7 billion, through the firm’s existing range of non-listed multi-asset funds.
Vanguard Australia’s head of product and marketing, Evan Reedman said: “Offering investors a broadly diversified index portfolio through a single investment matched to their risk profile is a first in the Australian ETF market.
“This will make investing a far more accessible and transparent option for many Australians, and ultimately help them achieve their financial goals.
“Another major advantage for investors using these ETFs is that they can rely on Vanguard’s investment experts to continuously asses their portfolio’s exposure and periodically rebalance it back to its intended level of risk.”
The company said the launch of four diversified ETFs would grow its Australia’s ETF offering to 22 funds, with total ETF funds under management of $9.4 billion.
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