Vanguard's VWO Becomes Largest Emerging-Markets ETF
First Trust, iShares plan new foreign ETFs. Plus, the week's best- and worst-performing ETFs.
This past week, Vanguard Emerging Markets Stock ETF (VWO) became the largest emerging markets ETF listed in the United States, surpassing the longtime heavyweight in the space, iShares MSCI Emerging Markets Index (EEM).
Both funds now have more than $46 billion in assets, but VWO, which was launched in 2005--close to two years after EEM--now is the larger of the two. It's quite a victory for VWO, which began 2010 with half the assets of EEM and which attracted more assets than any other ETF in 2010, reaping $19 billion versus EEM's $2 billion.
Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.