The passive investment giant’s full Ucits ETF range, including equities, fixed income and active factor products, will be available on the Deutsche Börse from Thursday.
German investors will also be able invest in Vanguard’s Ucits range of low-cost active and index mutual funds.
Describing the move as “exciting”, Sean Hagerty, head of Europe at Vanguard, said: “We want to use our global experience and scale to offer investors the value for money they deserve. Over the next few months we look forward to increasing our presence in Germany, including opening an office in 2018.”
Sebastian Külps, Head of Germany at Vanguard, added: “The listing of our ETF range on the Deutsche Börse is an important milestone for Vanguard. ETFs have proven a great innovation, providing investors with broad diversification, transparency and liquidity at a low fee.
“We anticipate strong growth in ETF usage as individual and professional investors continue to recognise their benefits.”
In the Stoxx
Thursday also marked the launch of the Vanguard Euro Stoxx 50 Ucits ETF on the Deutsche Börse and the London Stock Exchange. The Euro Stoxx is described as Europe’s leading Blue-chip index for the eurozone.
The Vanguard Ucits ETF provides investors with access to 50 of the largest and most liquid companies in the region and carries an ongoing charge figure (OCF) of 0.10%.
Management
As of 31 August 2017, Vanguard manages $4.7trn (£3.6trn, €4trn) on behalf of more than 20 million investors worldwide, through a range of both index and active mutual funds and ETFs.
