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Vanguard to make long-awaited move into UK ETF market

Vanguard is to make its long-awaited move into the UK exchange-traded fund arena with the launch of five physically-backed products.

The asset manager is set to launch the ETFs on the London Stock Exchange – subject to regulatory approval – after gaining authorisation from the Central Bank of Ireland.

The five products are the Vanguard FTSE 100 ETF, the Vanguard S&P 500 ETF, the Vanguard FTSE Emerging Markets ETF, the Vanguard FTSE All-World ETF and the Vanguard UK Government Bond ETF.

The Irish-domiciled funds are the initial products in a  suite of low-cost ETFs. The five funds have total expense ratios of between 0.09 per cent and 0.45 per cent, compared with the UK industry average of 0.53 per cent.

Tom Rampulla, managing director of Vanguard Asset Management, says: “We have chosen to launch the physical-backed ETF replication model because it is straightforward and easy to understand.”

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