Vanguard Transitions Emerging Markets ETF to FTSE Index
TORONTO--(BUSINESS WIRE)--Vanguard Investments Canada Inc. announced today that Vanguard FTSE Emerging Markets Index ETF (VEE) will seek to track the FTSE Emerging Index as of June 28, 2013.
Vanguard Emerging Markets Index ETF tracked the MSCI Emerging Markets Index prior to January. During a six-month transition that started on January 10, 2013, the ETF tracked a custom benchmark, the FTSE Emerging Transition Index. The portfolio managers were able to implement the transition cost-effectively with minimal market impact costs and negligible tracking error while allowing unitholders to see the ETF’s position. As of June 28, the ETF will have fully moved from the transition index to the FTSE Emerging Index.
The transition of the ETF to the FTSE Emerging Index concludes the benchmark changes announced by Vanguard Investments Canada in October 2012. Four ETFs began moving in January 2013 from tracking MSCI indexes to track indexes provided by FTSE and University of Chicago's Center for Research in Security Prices (CRSP).
For more information about Vanguard’s benchmarks, go to Vanguard’s Benchmark Philosophy.
Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The Vanguard Group, Inc. Vanguard is one of the world’s largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages more than $2.45 trillion in global assets. The firm offers more than 160 funds to U.S. investors and more than 80 additional funds in non-U.S. markets. For more information, please visit vanguardcanada.ca.
About FTSE Group
FTSE Group (FTSE) is a world leader in the provision of global index and analytical solutions. FTSE calculates indexes across a wide range of asset classes, on both a standard and custom basis. FTSE indexes are used extensively by investors worldwide for investment analysis, performance measurement, asset allocation, portfolio hedging and the creation of a wide range of index derivatives, funds, ETFs, and other structured products. For more information, visit ftse.com.
About The Center for Research in Security Prices (CRSP)
CRSP (Center for Research in Security Prices) is one of 11 research centers at the University of Chicago Booth School of Business. The research organization pioneered the development of U.S. stock market data in 1960 that are widely used in academic and investment research. The CRSP Indexes capture broad U.S. equity market coverage and include securities traded on the NYSE, AMEX, NASDAQ and ARCA markets. Nearly 4,000 constituents across mega, large, mid, small and micro capitalizations, representing 100% of the U.S. investable equity market (or 99.5% of cumulative full market capitalization of U.S. equity), comprise the market-cap indexes. CRSP’s portfolio of historical databases for common stocks, mutual funds, Treasuries, REITs, and research indexes is relied on by more than 435 leading academic institutions in 31 countries. It is also widely used for research in the commercial and governmental sectors. For more information, visit crsp.com.
All asset figures are as of May 31, 2013, unless otherwise noted.
Commissions, management fees and expenses all may be associated with the Vanguard ETFs™. This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies are available from Vanguard Investments Canada Inc. at www.vanguardcanada.ca. Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
The Vanguard ETF referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such ETF.
All rights in the FTSE Emerging Index, and the FTSE Emerging Transition Index, (the “Indexes”) vest in FTSE International Limited (“FTSE”). “FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under licence. The Vanguard FTSE Emerging Markets Index ETF (the “Product”) has been developed solely by Vanguard. The Indexes are calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Product and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Indexes or (b) investment in or operation of the Product. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Indexes for the purpose to which it is being put by Vanguard.
Vanguard funds are not sponsored, endorsed, sold, or promoted by the University of Chicago or its Center for Research in Security Prices, and neither the University of Chicago nor its Center for Research in Security Prices makes any representation regarding the advisability of investing in the funds.