Vanguard Shifts 8 ETFs To CRSP Indexes

By
Cinthia Murphy
April 17, 2013
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The ongoing overhaul of 22 Vanguard ETFs continues.

Eight Vanguard ETFs will begin tracking their respective CRSP benchmarks today, as they officially let go of the MSCI indexes that had anchored the strategies until now—all part of a major overhaul Vanguard first announced last fall that involved index switches in 22 of its ETFs from MSCI benchmarks to FTSE and CRSP ones.

The new indexes, created by a research center of the University of Chicago’s Booth School of Business, aren’t expected to result in major portfolio differences going forward.

At the time of Vanguard’s change announcement, the No. 3 U.S. ETF provider went to great lengths to downplay any differences in returns between the MSCI indexes and the new enlisted ones. Of the 22 ETFs undergoing index changes, 16 are U.S.-focused portfolios that are shifting to benchmarks from CRSP.

All of the ETFs included in today’s round of index changes focus on U.S. equities, and only two of them—mega-cap funds—will have their names changed as well. All tickers are to remain the same. They are as follows:

  • The Vanguard Mega Cap 300 Value ETF (NYSEArca: MGV) will now be called the Vanguard Mega Cap Value ETF as it begins tracking the CRSP U.S. Mega Cap Value Index. Ticker will remain unchanged.
  • The Vanguard Mega Cap 300 Growth ETF (NYSEArca: MGK) will also drop the ‘300’ from its name and ditch the MSCI index it previously tracked for the CRSP U.S. Mega Cap Growth Index. Ticker will also remain unchanged.
  • The Vanguard Growth ETF (NYSEArca: VUG) will keep its name and ticker, but begin tracking the CRSP U.S. Large Cap Growth Index.
  • The Vanguard Value ETF (NYSEArca: VTV) now tracks the CRSP U.S. Large Cap Value Index.
  • The Vanguard Mid-Cap Growth ETF (NYSEArca: VOT) now tracks the CRSP U.S. Mid Cap Growth Index.
  • The Vanguard Mid-Cap Value ETF (NYSEArca: VOE) now tracks the CRSP U.S. Mid Cap Value Index.
  • The Vanguard Small-Cap Growth ETF (NYSEArca: VBK) now tracks the CRSP U.S. Small Cap Growth Index.
  • The Vanguard Small-Cap Value ETF (NYSEArca: VBR) now tracks the CRSP U.S. Small Cap Value Index.

 

ETF DAILY DATA

'HEDJ,' the euro-hedged equity fund, added $199 million on Friday, Jan. 23, as total U.S.-listed ETF assets ended the day at $2.016 trillion.

'IWM,' 'HYG' and 'EEM' paced iShares' issuer-leading inflows on Friday, Jan. 23, as total U.S.-listed ETF assets rose to $2.106 trillion.

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