Low-cost U.S. giant Vanguard’s exchange-traded funds make their long-awaited debut on the Toronto Stock Exchange this morning.

Six new Vanguard ETFs have closed the initial offering of their units and will begin trading on the TSX today.

The new funds are:

  • Vanguard MSCI Canada Index ETF (TSX:VCE)
;
  • Vanguard MSCI U.S. Broad Market Index ETF (TSX:VUS);

  • Vanguard MSCI EAFE Index ETF (CAD-hedged) (TSX:VEF);

  • Vanguard MSCI Emerging Markets Index ETF (TSX:VEE);

  • Vanguard Canadian Aggregate Bond Index ETF (TSX:VAB); and

  • Vanguard Canadian Short-Term Bond Index ETF (TSX:VSB).


Annual management fees for the funds range from just 9 basis points for the Vanguard MSCI Canada Index ETF to 49 bps for the Vanguard MSCI Emerging Markets Index ETF.

“Our initial lineup of Vanguard ETFs offers financial advisors and investors access to key portfolio building blocks, with the benefit of Vanguard’s trademark low costs and proven index management expertise. In particular, our ETFs will provide investors with low-cost options amid a sea of high-cost investments, and, along with their straightforward and easy-to-understand approach, represent an unmatchable value,” said Atul Tiwari, managing director of Vanguard Investments Canada Inc.

The U.S. giant currently has C$169 billion in ETF assets, and has ETFs listed on exchanges in the United States., Mexico and Australia. Overall, it manages C$1.64 trillion in global assets.