Vanguard Group on Thursday announced plans to introduce 19 new index funds with ETF shares, as well as an ETF share class for its Vanguard 500 index fund over the coming year.
In a news release, Vanguard Chairman and CEO Bill McNabb said in light of the preferences of institutional investors and financial advisers for different benchmarks, Vanguard is expanding its index fund and ETF offerings benchmarked to leading providers, including FTSE, MSCI, Russell and S&P.
Vanguard already offers a complete set of nine domestic equity style-box options with MSCI benchmarks, and is adding eight S&P-benchmarked offerings to complete that lineup, according to spokeswoman Linda Wolohan.
Vanguard also announced plans to bring out its first seven domestic index offerings benchmarked to Russell. Ms. Wolohan said the firm is likely to work on the two remaining Russell style box offerings as well. In addition, Vanguard will offer three new municipal bond index funds, and a real estate fund over the coming year.