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Vanguard set to launch index-trackers

Vanguard Investments UK has announced plans to launch eleven index-tracking funds later this month.

The UK and Irish domiciled funds will be accepting investments from June 23, 2009 and will be available across numerous platforms.

Five of the passively-managed funds will be run out of the UK with the remainder domiciled in Ireland.

The UK based index funds offered include a UK equity, UK equity income, developed world-ex UK equity, developed Europe ex-UK equity and US equity index funds.

The six Irish-domiciled stock index funds are the Japan, Pacific ex-Japan, emerging markets, UK investment grade bond, UK government bond and global bond index funds.

The TER/AMC on the funds varies from 0.15 per cent on the Vanguard FTSE UK equity index fund to 0.55 per cent for the emerging markets stock index fund.

Vanguard manages a total of £320bn in equity and bond index mandates globally. The group announced plans to launch in the UK market in February, with the initial focus of the business being on the UK advisory market.

Vanguard Investments UK managing director Tom Rampulla says: “Vanguard’s index funds offer investors broadly diversified exposure to equity and fixed income markets, at very low cost. Costs matter, as each pound of cost is a pound taken out of your investment. We are confident that these funds have among the lowest total expense ratios in their peer groups.”

“We believe that clear disclosure standards are necessary if the interests of investors are to be protected,”


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