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June 29, 2015 at 08:00 PM
Vanguard says it is adding small-cap stocks to some international equity-index funds, which will then track FTSE all-cap benchmarks. The fund group, which has about $3.3 trillion in assets under management, says the four funds hold close to $150 billion in AUM.
The adjustments will impact the Vanguard Emerging Markets Sock Index Fund and its ETF shares, the Vanguard Developed Markets Index Fund, the Vanguard European Stock Index Fund and the Vanguard Pacific Stock Index Fund.
“Global markets have evolved to become more accessible, presenting an opportune time to provide investors with exposure to more markets and additional diversification within those markets,” said Vanguard CEO Bill McNabb, in a statement.
The fund giant will add China A-shares (which are quoted in Chinese renminbi) to the emerging markets fund and ETF, which is the world’s largest EM ETF with close to $70 billion in assets.
