Vanguard has launched two ESG ETFs that offer exposure to developed market Europe and North America equities.
The Vanguard ESG Developed Europe All Cap UCITS ETF (V3EA) and the Vanguard ESG North America All Cap UCITS ETF (V3NA) are listed on the London Stock Exchange, Deutsche Boerse, Borsa Italiana, Six Swiss Exchange and Euronext Amsterdam with ongoing charges figures (OCFs) of 0.12%.
V3EA tracks the FTSE North America All Cap Choice index which is a basket of large, mid and small-cap stocks in developed European countries.
V3NA tracks the FTSE North America All Cap Choice index which offers exposure to approximately 1,600 large, mid and small-cap companies in the US and Canada.
Both ETFs apply exclusion criteria to remove or reduce exposure to certain industries that score poorly from an ESG perspective such as firearms, tobacco or fossil fuels.
Fong Yee Chan, head of ESG strategy, UK and Europe, at Vanguard, said: “Over the past couple of years, we have developed our ESG range to enable investors to choose the products that best align with their preferences alongside their investment goals.
“Today’s launches are the start of the next stage in that commitment; building out our suite of ‘building block’ ESG ETFs, designed to help investors construct ESG ETF portfolios for the long-term.”
The launches bring Vanguard’s ESG ETF range in Europe to four. The other two ETFs are the Vanguard ESG Global All Cap UCITS ETF (V3AM) and the Vanguard ESG Global Corporate Bond UCITS ETF (V3GP) which launched in March and May 2021, respectively.
The two ETFs are the firm’s first launches this side of the pond in 2022 which means the US giant's range now totals 30 ETFs in Europe.