The Vanguard Group Inc. said Wednesday that it continued to see strong adoption in 2014 of its exchange-traded funds (ETFs) in the United States, Canada, Europe, Australia, Asia and elsewhere around the world.
The firm reported global ETF cash flow of more than US$75 billion at the end of November and total global ETF assets of more than US$442 billion.
“Vanguard’s value proposition is not confined by geographic boundaries,” said Tim Buckley, Vanguard chief investment officer. “It’s gratifying to see our low-cost, high-quality approach to investing resonating so strongly with investors around the world. We will continue to seek to drive down the cost of investing for the clients whom we serve around the world.”
Vanguard’s Canadian subsidiary,Vanguard Investments Canada Inc. had more than $3.5 billion in ETF assets under management though November. It concluded its third year of operations in Canada, during which the firm launched five new exchange-traded funds (ETFs) and lowered management fees on more than half of its current lineup of 21 ETFs.
Additionally, in November, Vanguard Investments Canada Inc. was recognized as Morningstar’s ETF Provider of the Year-Canada for the second straight year.