Vanguard to Get the ETF It Always Wanted, and Much More
Family plans to launch 20 new ETFs, including one for Vanguard 500.
The granddaddy of all index mutual funds, the Vanguard 500 (VFINX), will finally get an ETF share class; existing rival ETFs and those tracking other S&P and Russell domestic equity benchmarks also will get some serious price competition.
Nearly a decade after losing a court case over whether Vanguard could launch an ETF version of its oldest and largest index fund, the world's biggest mutual fund family said on Thursday that it hopes to launch 19 new mutual funds and 20 new ETFs, including one tracking the S&P 500. Vanguard filed registration statements with the Securities and Exchange Commission for the funds and ETFs Thursday and expects to launch them, pending approval, this summer.
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.