What’s in a name?  Apparently Vanguard thinks so.  As exchange traded funds become popular, Vanguard is dropping "Vipers" to be known as ETFs.  Vipers is an acronym for "Vanguard Index Participation Equity Receipts".  It is believed they are dropping the name as they prepare to roll out bond ETFs.  The "equity receipts" would be misleading with a bond ETF.  The ETFs will continue to have their ticker symbols.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.