September 24, 2010
--- Vanguard plans to change the target benchmark of its Total
International Stock Index Fund from the MSCI EAFE + Emerging Markets
Index to the MSCI All Country World ex USA Investable Market Index, the
firm announced. ---
A news release said the fund’s new target index covers 98% of the
world’s non-U.S. markets, including the European, Pacific, and emerging
market regions, as well as Canada. The index includes more than 6,000
issues encompassing stocks of large-, mid-, and small-capitalization
companies in 44 countries.
“We believe that the new target benchmark offers a better
representation of the international equity universe, offering exposure
across the capitalization spectrum, including small-cap issues,” said
Vanguard’s Chief Investment Officer Gus Sauter, in the announcement
Vanguard expects Vanguard Total International Stock ETF to
begin trading in the first quarter of 2011. Introduced in 1996, Vanguard
Total International Stock Index Fund is Vanguard’s second largest
international index fund with $26.2 billion in net assets.
Shares, Estimated Expense Ratio
- Investor, 0.32%
- Admiral, 0.20%
- ETF, 0.20%
- Signal, 0.20%
- Institutional, 0.15%
- Institutional Plus, 0.12%
PLANADVISER staff