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Products December 21, 2007
Vanguard Launches Three Mega Cap Index Funds
December 21, 2007 (PLANSPONSOR.com) - Vanguard has
launched three new index funds which seek to track the MSCI
US Large Cap 300 Index, MSCI US Large Cap Growth Index, and
MSCI US Large Cap Value Index.
Reported by Rebecca Moore
ETF Shares of
the Vanguard Mega Cap 300 Index Fund (MGC), Vanguard
Mega Cap 300 Growth Index Fund (MGK), and Vanguard Mega Cap
300 Value Index Fund (MGV) have begun trading on NYSE Arca,
according to a press release. The ETF shares will have an
expense ratio of 0.13%.
Institutional Shares of the new funds can be purchased
directly from Vanguard, and will feature an expense ratio
of 0.08% for investments of $5 million or more, the release
said.
The new funds are managed by Vanguard Quantitative Equity
Group, which oversees more than $545 billion in indexed
assets.