More Funds and ETFS for Vanguard

seven new bond index funds

The expense ratio of the funds will be 0.15% for ETF Shares and Signal Shares and 0.09% for institutional shares.

"Vanguard has a quarter-century of experience in bond index management, and expanding our range of funds is a logical extension of our capabilities," said Bill McNabb, Vanguard president and CEO.

The following funds will be made be added to Vanguards' repertoire and will be made available as both mutual funds and as ETFS, though Rebecca Cohen, a Vanguard representative, told Wealth Manager that the majority of financial advisors will choose to utilize the funds as ETFS.

Michael K. Stanley can be reached at mstanley@sbmedia.com

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