Over the past several years, some of the largest issuers of exchange traded funds, including BlackRock’s iShares and State Street’s SPDR ETFs, have reduced fees on existing ETFs, introduced new low-cost products and grouped those funds into “core” suites of funds, targeting those products at cost-conscious, long-term advisors and investors.
Vanguard, the second-largest U.S. ETF sponsor behind iShares, is getting into the core game with a group of 13 of its largest, most popular funds known as Vanguard Select ETFs.
“When you start with our new short list of 13 Vanguard Select ETFs, you can avoid getting stuck in choice overload,” said Vanguard in a statement. “This carefully assembled list gives you the building blocks to create a well-diversified portfolio that could help you achieve just about any investment goal.”
In February, it was revealed that Pennsylvania-based Vanguard lowered fees on a broad swath of its ETFs.
Those funds include the Vanguard Total Bond Market ETF (NasdaqGM: BND), Vanguard FTSE All-World ex-US (NYSEArca: VEU), Vanguard FTSE Europe ETF (NYSEArca: VGK), Vanguard FTSE Pacific ETF (NYSEArca: VPL), Vanguard Tax-Exempt Bond ETF (NYSEArca: VTEB), Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) and Vanguard Total International Stock ETF (NASDAQ: VXUS).
Inside Vanguard Select
The 13 Vanguard ETFs comprising Vanguard Select include four total market ETFs, five domestic fixed income funds, two domestic equity funds and a pair of international equity ETFs.