Vanguard has expanded its ETF offering with the launch of a eurozone-focused Ucits product, the company has announced.
The Vanguard Euro STOXX 50 Ucits ETF aims to provide high quality, low-cost access to fifty of the largest companies in the eurozone.
The fund is listed on the London Stock Exchange and the Deutsche Börse. This latest offering brings the firm’s suite of equity and fixed income ETF ‘building blocks’ to 23.
It carries an ongoing charges figure of operating cash flow of 0.10%.
Commenting on the launch, Vanguard said: ‘We continue to expand our range of ETFs in the UK and Europe, always with the aim of meeting the evolving needs of investors.
‘The Vanguard Euro STOXX 50 Ucits ETF provides investors with transparent and liquid access to successful companies, at a low fee.’
Vanguard has over $150 billion in assets under management across its European mutual fund and ETF range.