Vanguard Expands Dividend, Fixed-Income ETFs

Valley Forge, Pa.-based Vanguard Asset Management has introduced two international dividend ETFs.

The Vanguard International High Dividend Yield Index Fund (VYMI) and the Vanguard International Dividend Appreciation Index Fund (VIGI) will trade on the Nasdaq.

VYMI tracks the FTSE All-World ex-US High Dividend Yield Index and carries a 30 basis point expense ratio, while VIGI tracks the Nasdaq International Dividend Achievers Elect Index and carries a 25 basis point expense ratio.

Vanguard has also introduced four fixed-income ETFs that will list on the London Stock Exchange.

The Vanguard EUR Corporate Bond UCITS ETF (VECP), the Vanguard EUR Eurozone Government Bond UCITS ETF (VETY), the Vanguard USD Corporate Bond UCITS ETF (VUCP) and the Vanguard USD Treasury Bond UCITS ETF (VUTY) all carry expense ratios of 12 basis points.

The new funds bring Vanguard’s U.K. ETF lineup to 21 and build out the firm’s fixed-income offerings to five ETFs.


Legg Mason Enters Smart Beta ETF Space
Baltimore-based Legg Mason has announced its first four ETFs.

The Legg Mason US Diversified Core ETF, the Legg Mason Developed ex-US Diversified Core ETF, the Legg Mason Emerging Markets Diversified Core ETF and the Legg Mason Low Volatility High Dividend ETF give investors geographically diversified, smart beta fund options.

The ETFs are governed by a methodology from Legg Mason affiliate QS Investors that attempts to provide a better risk profile than market capitalization-weighted holdings. As a result, the international funds may provide exposure to a more geographically diverse assortment of equities rather than overexposure to countries like the U.K. or Japan, potentially alleviating some country risk.

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