December 24, 2007 at 1:00 pm by Tom Lydon
Vanguard launched three new exchange traded funds (ETFs) on the NYSE Arca. They seek to track three MSCI Indexes and each fund has an expense ratio of 0.13%, reports Aaron Seigel for InvestmentNews.
- Vanguard Mega Cap 300 Index Fund (MGV) tracks the MSCI Large-Cap US 300 Index
- Vanguard Mega Cap 300 Growth Index Fund (MGC) tracks the MSCI US Large-Cap Growth Index
- Vanguard Mega Cap 300 Value Index fund (MGK) tracks the MSCI US Large-Cap Value Index
The firm now has 37 ETFs listed and $1.3 trillion in assets.
Tags | Large Caps
December 26th, 2007 at 3:21 pm
I like your commentary, but is there no way to find out the expense ratio? I really think you would be doing everyone a great service if you just added, or asked the sponsors to disclose the ETF’s expense ratio up front.
Thanks,
December 27th, 2007 at 8:02 am
Jim,
The expense ratio for each of these new ETFs is 0.13%. We try to mention the expense ratio when talking about new ETFs. The ETF providers also offer the expense ratios on their website. Other services, such as Morningstar, also provide this information. Hope this helps.
Best, Tom