MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, March 27, 2013 Vanguard Escalates FTSE Push Vanguard's [profile] is continuing its great migration from the MSCI indices to those developed by FTSE. According to an SEC filing, the index fund goliath will shift the indices of a European stock index fund and a Pacific stock index fund. The European fund, which formerly followed the MSCI Europe Index, will now follow the FTSE Developed Europe Index, while the Pacific fund, which formerly followed the MSCI Pacific Index, will now follow the FTSE Developed Asia Pacific Index. In the filing, the company explains the move by stating that "the board believes that the new indexes, listed below, are well-constructed and offer comprehensive coverage of the Funds’ respective market segments. In addition, Vanguard’s agreement with the new index provider may result in considerable savings to shareholders over time in the form of lower expense ratios." This is yet the latest move by Vanguard towards FTSE indices, after pulling a half-trillion indexing mandate from MSCI in October. Printed from: MFWire.com/story.asp?s=43421 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |