Daily ETF Watch: Vanguard Debuts 2 Funds

March 02, 2016

Vanguard today is launching two ETFs that will target a space where it has not yet launched any funds—international dividend-paying equities. The Vanguard International Dividend Appreciation ETF (VIGI) and Vanguard International High Dividend Yield ETF (VYMI), as with most Vanguard ETFs, are both share classes of mutual funds; in this case, the mutual funds are being launched simultaneously.

VIGI tracks the Nasdaq International Dividend Achievers Select Index, which covers non-U.S. stocks from developed and emerging markets that have demonstrated high quality and dividend growth, as well as the expressed intentions to continue growing their dividends. The fund comes with an expense ratio of 0.25%.

VYMI tracks the FTSE All-World ex US High Dividend Yield Index. Like VIGI, the fund will cover emerging and developed markets, but will instead target stocks that are expected to have dividend yields that are higher than average. VYMI charges an expense ratio of 0.30%.

Interestingly, VIGI will use a full-replication approach to tracking its index, while VYMI will implement a sampling approach.

Additional Developments

  • The EGShares Emerging Markets Domestic Demand ETF (EMDD) changed its name and ticker to the EGShares EM Strategic Opportunities ETF (EMSO) on March 1. The fund’s index also changed from the S&P Emerging Markets Domestic Demand Index to the S&P Emerging Markets Strategic Opportunities Index.

  • The ETFS Physical WM Basket Shares (WITE | B-46) has its last day of trading today.

Six ETFs will change their indexes on May 2:

  • Direxion Daily 7-10 Year Treasury Bear 1X ETF (TYNS) changes its index from the NYSE 7-10 Year Treasury Bond Index changes to the ICE U.S. Treasury 7-10 Year Bond Index.

  • Direxion Daily 20+ Year Treasury Bear 1X ETF (TYBS) changes its index from the NYSE 20 Year Plus Treasury Bond Index to the ICE U.S. Treasury 20+ Year Bond Index.

  • Direxion Daily 7-10 Year Treasury Bull 3X ETF (TYD) changes its index from the NYSE 7-10 Year Treasury Bond Index changes to the ICE U.S. Treasury 7-10 Year Bond Index.

  • Direxion Daily 7-10 Year Treasury Bear 3X ETF (TYO) changes its index from the NYSE 7-10 Year Treasury Bond Index changes to the ICE U.S. Treasury 7-10 Year Bond Index.

  • Direxion Daily 20+ Year Treasury Bull 3X ETF (TMF) changes its index from the NYSE 20 Year Plus Treasury Bond Index to the ICE U.S. Treasury 20+ Year Bond Index.

  • Direxion Daily 20+ Year Treasury Bear 3X ETF (TMV) changes its index from the NYSE 20 Year Plus Treasury Bond Index to the ICE U.S. Treasury 20+ Year Bond Index.


Contact Heather Bell at [email protected].

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