Press release from Business Wire
Vanguard ETF to Transition to FTSE Index
Tuesday, May 28, 2013
Vanguard ETF to Transition to FTSE Index20:02 EDT Tuesday, May 28, 2013
TORONTO (Business Wire) -- Vanguard Investments Canada Inc. announced that Vanguard MSCI EAFE Index ETF (CAD-hedged) (VEF) will seek to track the FTSE Developed ex North America Hedged CAD Index, effective at the opening of trading at 9:30 a.m. Eastern time on May 29, 2013. As a result, the name of the exchange-traded fund (ETF) will change to Vanguard FTSE Developed ex North America Index ETF (CAD-hedged). The ticker will stay the same.
|Vanguard ETF||Ticker||Previous Index||New Index||New Name|
|Vanguard MSCI EAFE Index ETF (CAD-hedged)||VEF||MSCI EAFE 100% Hedged to CAD Index||FTSE Developed ex North America Hedged CAD Index||Vanguard FTSE Developed ex North America Index ETF (CAD-hedged)|
The FTSE Developed ex North America Hedged CAD Index is a market capitalization-weighted index representing the performance of large- and mid-capitalization stocks in developed markets outside of the U.S. and Canada, hedged to the Canadian dollar. It provides similar exposure to the ETF's previous index and will not impact the ETF's primary investment objectives and strategies.
FTSE: A global index leader
FTSE is a leading provider of index data for investors worldwide, with over $3 trillion of assets benchmarked to FTSE indexes. Vanguard has used FTSE indexes since 2003 and now employs the firm's benchmarks for more than 20 index portfolios around the world. For more information go to Vanguard's Benchmark Philosophy.
Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The Vanguard Group, Inc. Vanguard is one of the world's largest investment management companies and a leading provider of company-sponsored retirement plan services. Vanguard manages more than $2.45 trillion in global assets. The firm offers more than 160 funds to U.S. investors and more than 80 additional funds in non-U.S. markets. For more information, please visit vanguardcanada.ca.
About FTSE Group
FTSE Group (FTSE) is a world leader in the provision of global index and analytical solutions. FTSE calculates indexes across a wide range of asset classes, on both a standard and custom basis. FTSE indexes are used extensively by investors worldwide for investment analysis, performance measurement, asset allocation, portfolio hedging and the creation of a wide range of index derivatives, funds, ETFs, and other structured products. For more information, visit www.ftse.com.
All asset figures are as of April 30, 2013, unless otherwise noted.
Commissions, management fees and expenses all may be associated with the Vanguard ETFs™. This offering is only made by prospectus. The prospectus contains important detailed information about the securities being offered. Copies are available from Vanguard Investments Canada Inc. at www.vanguardcanada.ca . Please read the prospectus before investing. ETFs are not guaranteed, their values change frequently, and past performance may not be repeated.
The Vanguard ETF referred to herein is not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such ETF. The prospectus contains a more detailed description of the limited relationship MSCI has with Vanguard and any related funds.
All rights in the FTSE Developed ex North America Hedged to CAD Index (the “Index”) vest in FTSE International Limited (“FTSE”). “FTSE®” is a trademark of London Stock Exchange Group companies and is used by FTSE under licence. The Vanguard FTSE Developed ex North America Index ETF (CAD-hedged) (the “Product”) has been developed solely by Vanguard. The Index is calculated by FTSE or its agent. FTSE and its licensors are not connected to and do not sponsor, advise, recommend, endorse or promote the Product and do not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Product. FTSE makes no claim, prediction, warranty or representation either as to the results to be obtained from the Product or the suitability of the Index for the purpose to which it is being put by Vanguard.
For more information, contact Vanguard Public Relations at 610-669-5002.