- New single-ticket ETFs enhance existing line-up of
'all-in-one' investment solutions with additional choice of
all-equity and conservative income options
- ETFs feature simple yet sophisticated portfolios that are
broadly diversified, low-cost and rebalanced regularly
- Each ETF is made up of existing low-cost core underlying
Vanguard index ETFs with a management fee of 0.22%
TORONTO, Feb. 5, 2019 /CNW/ - Vanguard Investments
Canada Inc. today announced the listing of two new low-cost asset
allocation ETFs that provide highly diversified all-in-one
portfolios. Both ETFs began trading on the TSX today.
"Canadian investors have a preference for enduring, low-cost and
disciplined investment solutions and this has been a pillar of
Vanguard's philosophy for over 40 years," said Kathy Bock, Managing Director, Vanguard
Investments Canada Inc. "Canadians have invested over $1 billion in our asset allocation ETFs since we
introduced them last year. We are pleased to provide added choice
to investors with two new ETFs featuring well-diversified and
global portfolios, which are rebalanced regularly."
Vanguard Conservative Income ETF Portfolio (TSX: VCIP) –
The Vanguard Conservative Income ETF Portfolio seeks to provide a
combination of income and some long-term capital growth by
investing in equity and fixed income securities with a strategic
allocation of 20% equities and 80% fixed income, made up of seven
underlying Vanguard index ETFs.
Vanguard All-Equity ETF Portfolio (TSX: VEQT) – The
Vanguard All-Equity ETF Portfolio seeks to provide long-term
capital growth by investing primarily in equity securities with a
strategic allocation of 100% equities, made up of four underlying
Vanguard index ETFs.
"Canadian investors have embraced our 'all-in-one' asset
allocation ETFs based on their sound portfolio construction,
low-cost and simplicity," said Tim
Huver, head of product, Vanguard Investments Canada Inc.
"These ETFs have been among our most popular over the past year and
we are committed to giving Canadians greater flexibility by
offering two new investing options on both sides of the risk
profile spectrum."
The images below highlight the diversified composition of each
ETF, composed of existing underlying Vanguard index ETFs.
"These thoughtfully constructed ETFs also provide investors with
the added advantage of Vanguard's global investment experts who
continuously assess the portfolio and rebalance it back to the
intended risk level," added Huver.
The two ETFs bring the total number of Vanguard ETFs in
Canada to 39, with $17 billion (CAD) in assets under management.
New Vanguard ETFs:
ETF
|
TSX
Symbol
|
Management
Fee1
|
Vanguard
Conservative
Income ETF Portfolio
|
VCIP
|
0.22%
|
Vanguard
All-Equity
ETF Portfolio
|
VEQT
|
0.22%
|
1The
management fee is equal to the fee paid by the Vanguard ETF to
Vanguard Investments Canada Inc. and does not include applicable
taxes or other fees and expenses of the Vanguard ETF. For any
Vanguard ETF which invests in underlying Vanguard fund(s), there
shall be no duplication of management fees chargeable in connection
with the Vanguard ETF and its investment in the Vanguard
fund(s).
|
About Vanguard
Vanguard Investments Canada Inc. is a wholly owned indirect
subsidiary of The Vanguard Group, Inc. and manages about
CAD 17 billion in assets. The
Vanguard Group, Inc. is one of the world's largest investment
management companies and a leading provider of company-sponsored
retirement plan services. Vanguard manages USD 4.9 trillion in global assets, including over
USD 900 billion in global ETF assets.
Vanguard has offices in the United
States, Canada,
Europe, Australia and Asia. The firm offers 413 funds, including
ETFs, to its more than 20 million investors worldwide.
Vanguard operates under a unique operating structure. Unlike
firms that are publicly held or owned by a small group of
individuals, The Vanguard Group, Inc. is owned by Vanguard's
U.S.-domiciled funds and ETFs. Those funds, in turn, are owned by
Vanguard clients. This unique mutual structure aligns Vanguard
interests with those of its investors and drives the culture,
philosophy, and policies throughout the Vanguard organization
worldwide. As a result, Canadian investors benefit from Vanguard's
stability and experience, low-cost investing, and client focus. For
more information, please visit vanguardcanada.ca.
Important information
Commissions, management fees, and expenses all may be
associated with investment funds. Investment objectives, risks,
fees, expenses, and other important information are contained in
the prospectus; please read it before investing. Investment funds
are not guaranteed, their values change frequently, and past
performance may not be repeated. Vanguard funds are managed by
Vanguard Investments Canada Inc. and are available across
Canada through registered
dealers.
This material is for informational purposes only. This material
is not intended to be relied upon as research, investment, or tax
advice and is not an implied or express recommendation, offer or
solicitation to buy or sell any security or to adopt any particular
investment or portfolio strategy. Any views and opinions expressed
do not take into account the particular investment objectives,
needs, restrictions and circumstances of a specific investor and,
thus, should not be used as the basis of any specific investment
recommendation.
Please consult your financial and/or tax advisor for financial
and/or tax information applicable to your specific situation.
All investments are subject to risk, including the possible loss
of principal. Diversification does not ensure a profit or protect
against a loss in a declining market.
Information, figures and charts are summarized for illustrative
purposes only and are subject to change without notice.
This material does not constitute an offer or solicitation and
may not be treated as an offer or solicitation in any jurisdiction
where such an offer or solicitation is against the law, or to
anyone to whom it is unlawful to make such an offer or
solicitation, or if the person making the offer or solicitation is
not qualified to do so.
In this material, references to "Vanguard" are provided for
convenience only and may refer to, where applicable, only The
Vanguard Group, Inc., and/or may include its affiliates, including
Vanguard Investments Canada Inc.
SOURCE Vanguard Investments Canada Inc.