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Vanguard Group Broadens International Offerings


The Vanguard Group of Malvern, Pa. has filed registration statements with the SEC to introduce two new international index funds and to add an institutional share class for three existing international index funds, the company announced last week.

The new funds, the Vanguard Developed Foreign Markets Stock Index Fund and the Vanguard Institutional Developed Foreign Markets Stock Index Fund, will be funds of funds that invest in 20 European and Pacific equity markets, the company said.

The Vanguard Developed Foreign Markets Stock Index Fund will be a no-load fund that will invest in two Vanguard international funds - the Vanguard European Stock Index Fund and the Vanguard Pacific Stock Index Fund. There is a $3,000 minimum investment and there will be no purchase fee for the fund, the company said.

The Vanguard Institutional Developed Foreign Markets Stock Index Fund will invest in the new institutional share classes being introduced on the Vanguard European Stock Index Fund and the Vanguard Pacific Stock Index Fund. The minimum investment on the new fund will be $10 million, according to the company.

The new funds will be available to investors sometime in the second quarter, according to John Demming, a spokesperson for the company.

Institutional shares will be available on the Vanguard European Stock Index Fund, the Vanguard Pacific Stock Index Fund and the Vanguard Emerging Markets Stock Index Fund. The minimum investment required for the share class will be $10 million, Demming said.