Vanguard Group, the third-largest global provider of exchange-traded funds (ETFs), said that its ETFs “continue to gain widespread investor acceptance across Europe and on a global basis”.
At the end of June, Vanguard ETFs listed in Europe held $1.4 billion (€1 billion) in assets under management, the company reports today.
Vanguard Group, a US company and a large provider of passive investment products, launched its first European ETFs in May 2012 – three years after the launch of its first mutual funds in Europe in 2009.
ETF business development in the first six months of 2013 included the expansion of its European fund range to provide UK and European investors with more access to key developed equity markets.
Also, in May Vanguard launched four new physically backed, Irish-domiciled ETFs on the London Stock Exchange, complementing the five ETFs that it brought to the European market in 2012.
Vanguard Group had total assets under management of $2.54 trillion in assets worldwide as at 31 June 2013.
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