Vanguard, the second-largest U.S. issuer of exchange traded funds, will add two international dividend funds to its lineup.
“Vanguard has filed a registration statement with the Securities and Exchange Commission for its first dividend-oriented international index funds,” said Pennsylvania-based Vanguard in a statement out Tuesday.
The firm is planning to introduce the Vanguard International High Dividend Yield Index Fund and the Vanguard International Dividend Appreciation Index Fund, according to the statement.
“The Vanguard International High Dividend Yield Index Fund will follow an income investing strategy, focusing on companies with high dividend yields, while Vanguard International Dividend Appreciation Index Fund will emphasize stocks exhibiting dividend growth,” said Vanguard in the statement.