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Vanguard Taps Into Swiss ETF Market

Written by Rebecca Hampson

January 30, 2013 11:50 (CET)

Exchange-traded fund provider Vanguard has tapped into the Swiss ETF market with the listing of three ETFs on the SIX Swiss exchange.

The move comes only a week after another issuer, ETF Securities, also launched products on the exchange.

Vanguard’s physically backed ETFs are cross-listed from the London Stock Exchange (LSE) and are the first listings by the firm outside the UK.

The annual total expense ratios for Vanguard’s S&P 500 ETF, the FTSE All-World ETF and the FTSE Emerging Market ETF are 0.09 per cent, 0.25 per cent and 0.45 per cent, respectively.

Vanguard entered the European market last May with five ETFs listed on the LSE.

The firm has had an office in Zurich since 2008 and became regulated by Swiss regulator FINMA in May 2011.

Tom Rampulla, head of Vanguard’s European operations, said in a statement: “Like our traditional mutual funds, our physically backed ETFs offer investors a simple, low-cost way to gain broadly diversified market exposure. These are the first ETFs we’ve cross-listed on the SIX Swiss Exchange and it’s a logical step in providing increased access to our products across Europe. It also illustrates our commitment to providing our clients with the best investment products in a way that works for them, with minimum cost.”

Vanguard manages $245.6 billion in ETF assets globally, as at 31 December 2012, according to the firm.


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