New Vanguard ETF Ups the Ante and Lowers Fee
July 26th at 1:00am by Tom Lydon
Vanguard is upping the exchange traded fund (ETF) ante by working to launch the lowest cost ETFs. Vanguard is known as a low-cost leader within the mutual fund industry and now aims to take over the position with ETFs. Today the Vanguard Europe/Pacific ETF (VEA) begins trading on the American Stock Exchange. The press release states it will track the MSCI EAFE Index with an expense ratio of 0.15%. VEA will be in competition with iShares MSCI EAFE (EFA), which has an expense ratio of 0.35%.
