Vanguard to Offer International ETFs

July 23, 2002 -- The Vanguard Group plans to offer three exchange-traded funds that invest in foreign stocks.

The company is seeking SEC approval to introduce exchange-traded versions of Vanguard European Stock Index (VEURX), Vanguard Pacific Stock Index (VPACX) and Vanguard Emerging Markets Stock Index (VEIEX).

The products would be Vanguard's first international exchange-traded funds. These funds are baskets of stocks designed to mirror an index while trading like a stock on an exchange.

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