As was expected, Vanguard has filed registration statements with the SEC to introduce a broad range of new index mutual funds and ETFs based on Standard & Poor’s domestic stock indexes, including eight mutual funds and nine ETFs, notably an ETF of the Vanguard 500 Index Fund. The Vanguard S&P 500 ETF (VOO) has an expense ratio of 0.06%, which the company, citing Morningstar figures, said was the lowest-cost ETF on the market based on the S&P 500 index.
With the new entries, Vanguard now offers 55 ETFs. AUM in Vanguard’s ETF have risen 60% since August 2009, the company said, rising from $71 billion to $113 billion
Vanguard also said it plans to introduce 11 more index funds with ETF shares “in the coming months,” seven of which will be in value, growth and blend equities, three municipal bond index funds, and a real estate fund.