Vanguard ETF Sees Changes

February 05, 2018

The Vanguard REIT ETF began the gradual transition to a new benchmark as of Friday, Feb. 2.

The fund has changed its name to the Vanguard Real Estate ETF (VNQ) while retaining the same ticker. However, it has changed its index, dropping the MSCI US REIT Index for the MSCI US IMI Real Estate 25/50 Transition Index. Sometime in the third quarter of this year, it will again change indexes in order to adopt the MSCI US Investable Market Real Estate 25/50 Index as its benchmark.

The change expands the scope of the fund’s coverage beyond just REITs to include other types of real estate companies such as those involved in services and development as well as other REITs, as Todd Rosenbluth wrote in September 2017.

3 ETFs To See Ticker Changes
A total of three ETFs will get new tickers in the next few weeks. Most notably, the ETFMG Alternative Harvest ETF (MJX), the first U.S.-listed ETF to focus exclusively on the legal marijuana industry, will get a new shorter and more explicit ticker, while two Direxion ETFs will change both their names and tickers.

As of Feb. 9, MJX’s new ticker will simply be “MJ,” two letters that are often slangily used to refer to marijuana.  

And as of Feb. 15, the Direxion Daily S&P 500 Bull 1.25X Shares (LLSP) and the Direxion Daily Small Cap Bull 1.25X Shares (LLSC) will change their names and tickers, respectively, to the Portfolio+ S&P 500 ETF (PPLC) and the Portfolio+ S&P Small Cap ETF (PPSC), dropping the Direxion brand name.

Contact Heather Bell at [email protected]

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