The Markets December 21, 2007

Vanguard Launches Three Mega Cap Index Funds

Vanguard has launched three new index funds that 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

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.

Exchange-traded funds (ETF) tracking these indexes, 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%.

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The new funds are managed by Vanguard Quantitative Equity Group, which oversees more than $545 billion in indexed assets.

Products December 21, 2007

BGI Launches Japanese Small Cap ETF

Barclays Global Investors (BGI) has announced the launch of the iShares MSCI Japan Small Cap Index Fund on NYSE Arca.
Reported by
With an annual expense ratio of 0.59%, the new fund tracks the MSCI Japan Small Cap Index, which is designed to measure small capitalization equity market performance in the Japanese market.
The stocks held in the Index trade primarily on the Tokyo Stock Exchange.

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