Vanguard, which now has five ETFs in Hong Kong, said the total expense ratio (TER) of the new fund would be 0.25% annually, making it the lowest cost US equity ETF available in the special administrative region of China.
“Today’s launch of the Vanguard S&P 500 Index ETF demonstrates our ongoing commitment to the Hong Kong market, and provides investors with another core building block to build a globally diversified portfolio,” said Vanguard Asia regional managing director Shelly Painter.
Vanguard other four listed Hong Kong equity ETFs cover developed Europe, Japan, and Asia ex Japan, and , Asia ex Japan High Dividend Yield.
James Norris, Vanguard International Managing Director, said: “The expansion of our ETF suite in Hong Kong provides investors with greater choice of low cost, risk controlled and well diversified portfolio construction tools.”
