Vanguard Australia is planning to launch the Vanguard FTSE Emerging Markets Shares Exchange Traded Fund (ETF), with Australian Securities Exchange (ASX) ticker code VGE.
It is anticipated that VGE will be quoted for trading on the ASX by mid-November 2013.
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Vanguard Australia said that the new ETF, with an expense ratio of 48 basis points, will offer access to some 926 listed stocks from 22 emerging economies in Asia, South America, Europe, Africa and the Middle East.
The ETF aims to track the return of the FTSE Emerging Index, and brings the number of ETFs now offered by Vanguard for Australian investors and advisers to 10.
Robyn Laidlaw, head of product and marketing at Vanguard, said: "Vanguard is pleased to offer investors a full spectrum of equities exposure – with Vanguard ETFs now available across developed, domestic, US, international and emerging markets – to enable them to build balanced, highly diversified ETF portfolios.
"VGE provides broad exposure to the world’s emerging markets via a well-constructed market index and can deliver useful equity diversification to an investor’s portfolio, which is typically un-correlated to the performance of developed economies," Laidlaw added.
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By GlobalDataAccording to Vanguard, the benefits of its first Australia-domiciled international equities ETF include the flexibility to elect dividend reinvestment, simplified withholding tax administration and no requirement for investors to complete the US W8-BEN tax form.
