Toronto-based Vanguard Investments Canada Inc. has launched its first set of actively managed exchange-traded funds (ETF), which began trading on the Toronto Stock Exchange on Wednesday.
“As our first actively-managed offering in Canada, today’s announcement represents an important step in our development as we continue to build on our existing suite of ETFs,” says Atul Tiwari, managing director for Vanguard Canada, in a statement.
The new single factor ETFs include:
> Vanguard Global Minimum Volatility ETF, which seeks to provide long-term capital appreciation with reduced volatility compared with the global equity market, by investing in equities from developed and emerging markets across the world.
> Vanguard Global Value Factor ETF, which aims to capture potential excess return through equities with low prices relative to fundamentals from developed markets across the world.
> Vanguard Global Momentum Factor ETF, which aims to capture potential excess return by investing in equities that have achieved strong recent performance from developed markets across the world.
> Vanguard Global Liquidity Factor ETF, which tries to capture potential excess return through investment in less liquid equity securities from developed markets across the world.
Each new product has a management fee of 0.35% and will be managed by Vanguard’s Quantitative Equity Group. This brings the total number of Vanguard ETFs to 27, with more than $8 billion in assets under management.
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