Fund manager Vanguard has announced its long-awaited entry to the European ETF market.

The firm has announced that it will shortly be listing five Irish-domiciled funds on the London Stock Exchange.

The ETFs are the:

Vanguard FTSE 100 ETF (LSE:VUKE), with a total expense ratio (TER) of 0.1 percent

Vanguard S&P 500 ETF (LSE: VUSA, VUSD), with a TER of 0.09 percent

Vanguard FTSE All-World ETF (LSE: VWRL, VWRD), with a TER of 0.25 percent

Vanguard FTSE Emerging Markets ETF (LSE: VFEM, VDEM), with a TER of 0.45 percent

Vanguard UK Government Bond ETF (LSE: VGOV), with a TER of 0.12 percent

Knight Capital has been named as an initial market-maker for the funds.

Tom Rampulla, head of Vanguard’s UK operation, stressed that the firm’s ETF range should be seen as part of a wider offering of mutual funds.

“At Vanguard, we see ETFs and traditional mutual funds as two sides of the same coin,” said Rampulla. “Both products offer investors a low-cost way to access broadly diversified stock and bond investments.”

“We have chosen to launch the physical-backed ETF replication model because it is straightforward and easy to understand,” Rampulla added.

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