The three new ETFs are:
- Vanguard Mega Cap 300 Index Fund (MGC)
- Vanguard Mega Cap 300 Growth Index Fund (MGK)
- Vanguard Mega Cap 300 Value Index Fund (MGV)
The December-born ETFs track 300 of the largest stocks within their MSCI indexes, reports Jesse Emspak of Investor’s Business Daily. Expense ratios are at 0.13%. Pay attention, as some mid-cap stocks overlap with large-caps at the top of their market caps. For this reason, the firm launched these ETFs to offer a more purely large-cap play.
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