Vanguard unveils ETF suite, fees

Vanguard Investments Canada Inc. announced today that a final prospectus for its first suite of Canadian-domiciled exchange-traded funds has been receipted by the securities regulatory authorities.

Vanguard plans to list six ETFs on the Toronto Stock Exchange (TSX) subject to meeting all regulatory and TSX requirements.

Although the official MERs for the Vanguard ETFs will not be calculated until after their first year-end, Vanguard expects them to be substantially similar to their management fees. The range of Vanguard ETFs will feature an average management fee of 0.24%, with the lowest expected to be 0.09%.

“Research by Vanguard, Morningstar and others has shown time and again that costs are the key determinate of mutual fund or ETF performance,” said Atul Tiwari, managing director of Vanguard Investments Canada Inc. By controlling costs, investors are on better footing towards reaching their long-term investment goals because they keep more of their returns.”

The six Vanguard ETFs and corresponding benchmark index, proposed TSX ticker symbol, and management fee are as follows:

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.