Vanguard International Funds Get Exchange-Traded Shares
Three international index funds will offer Viper share class.
Investors soon will be able to buy and sell shares in three of the Vanguard Group's International stock index funds throughout the day on an exchange. The Valley Forge, Penn.-based fund family plans to sell exchange-traded, Viper class shares of its $5 billion Vanguard European Stock (VEURX), $1.9 billion Pacific Stock (VPACX), and $1 billion Emerging Markets Stock (VEIEX) index funds.
If the Securities and Exchange Commission approves the new Vipers (an acronym for Vanguard Index Participation Equity Receipts), Vanguard's family of exchange-traded funds will grow to five and gain some international flavor. Vanguard currently offers Viper shares for two of its domestic stock index funds: Vanguard Total Stock Market (VTSMX) and Extended Market (VEXMX).
Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.