ETF provider Vanguard has launched the Vanguard DAX UCITS ETF, paving the way for investors to access 30 of the largest and most liquid companies in Germany.

The cost will be 0.10% of ongoing charge (OCF) and the new ETF will be listed on the London Stock Exchange.


Thomas Merz, head of distribution, Europe Ex-UK, said: “The Vanguard DAX UCITS ETF is designed to help investors putting together high-quality, balanced, diversified portfolios; whether that’s domestic investors looking for exposure to their home market, or investors’ across Europe recognising the opportunities provided by Europe’s largest economy.”

The launch of the Vanguard DAX UCITS ETF coincides with the 30th anniversary of Germany’s leading equity index, the DAX Index.

It is also one of Vanguard latest moves to honour its long-term commitment to lower the cost and complexity of investing in Europe.

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By GlobalData

Vanguard has also made a number of senior hires since the start of 2018 within its ETF space.

These include:

  • Simone Rosti as head of Italy
  • Markus Weis as deputy head of Germany and Austria
  • Liz Wright, Christophe Collet and Rahul Thakrar as senior ETF specialists
  • Gregoire Blanc as senior ETF capital markets specialist

Vanguard offers 25 UCITS ETFs for European investors. It has AUM of $175bn its European mutual fund and ETF range as of 30th June 2018.

ETFs have been revolutionising the wealth management sector. Assets under management from ETFs reached $4.74trn globally , which was 36.3% higher than the previous year.

Similarly, the ETF market between 2009 and 2016 went from $785bn AUM to $2.510trn – an annualized growth rate of 18.3% – overtaking traditional index funds’ AUM of $2.484 trn.

Appetite for ETFs is not limited to the retail and institutional segment. Even in 2015 the majority of wealth managers GlobalData surveyed agreed that exchange-traded products (ETPs) were not just for the mass market.

For an in depth look at the latest trends of ETFs in wealth management, check PBI’s feature: How ETFs are transforming wealth management.