22/05/2013
Vanguard launches an emerging market government debt tracker fund
P { margin-bottom: 0.08in; } The US firm Vanguard has announced the launch of the Vanguard Emerging Markets Government Bond Index Fund, its first fund of foreign bonds available on the US market. The initial subscription period will remain open until 30 May. Vanguard will invest in money market instruments, while building a representative and diversified portfolio. ETF shares in the fund (ticker: WWOB) are expected to be available for trading from early June.The fund will replicate the Barclays USD Emerging Markets Government RIC Capped Index of government bonds issued by emerging countries and denominated exclusively in US dollars. The index will include about 560 issues by governments, government agencies and local govenrments.The total expense ratio for the ETF, Investor, Admiral and institutional share classes vary from 0.30% to 0.50%. They will be 0.35% for the ETF and Admiral share classes, 0.50% for investor shares, and 0.30% for institutional shares.
