Today marks Vanguard's initial steps of expanding in to the Italian ETF market having listed its first range of ETFs on the Borsa Italiana. The 19-strong range of ETFs is comprised of both equity and fixed income products, in the firm's bid to simplify and reduce the cost of investing for Italian investors.
The company was founded in 1975 by Jack Bogle, who sadly died earlier this week. Currently managing over $5tn in assets, the expansion in to Italy will enable the firm to partner with new clients such as asset managers, banks, insurance companies and pension fund managers.
Sean Hagerty, Head of Europe at Vanguard, said in a statement: "Our mission is to help investors achieve their goals by being one of the world's highest value providers of investment products and services. We want to continue to reduce costs and complexity for investors, as we have done globally for over 40 years. This is why we are very excited to bring our value proposition to Italy."
The ETFs listed on Borsa Italiana include:
Vanguard S&P 500 UCITS ETFVanguard FTSE 100 UCITS ETFVanguard FTSE All-World High Dividend Yield UCITS ETFVanguard FTSE All-World UCITS ETFVanguard FTSE Developed Asia Pacific ex Japan UCITS ETFVanguard FTSE Developed Europe UCITS ETFVanguard FTSE Developed World UCITS ETFVanguard FTSE Emerging Markets UCITS ETFVanguard FTSE Japan UCITS ETFVanguard USD Corporate 1-3 year Bond UCITS ETFVanguard USD Corporate Bond UCITS ETFVanguard USD Emerging Markets Government Bond UCITS ETFVanguard USD Treasury Bond UCITS ETFVanguard EUR Corporate Bond UCITS ETFVanguard EUR Eurozone Government Bond UCITS ETFVanguard Global Liquidity Factor UCITS ETFVanguard Global Minimum Volatility UCITS ETFVanguard Global Momentum Factor UCITS ETFVanguard Global Value Factor UCITS ETF