New Listing

Vanguard launches currency hedged versions of Japan ETF

Tom Eckett

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Vanguard has launched US dollar and euro-hedged versions of its $1.9bn Vanguard FTSE Japan ETF (VJPN).

The Vanguard FTSE Japan USD Hedged ETF (VJPU) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.20%, 5 basis points more expensive than its unhedged counterpart.

Meanwhile, the Vanguard FTSE Japan EUR Hedged ETF (VJPE) is listed on the Deutsche Boerse with a TER of 0.20%.

Mark Fitzgerald, head of product specialism at Vanguard, commented: "Adding these share classes is intended to offer investors more choice, enabling them to hedge currency exposures if they wish.

"We have seen interest in hedging equity exposures from ETF buyers across the UK, Germany, and Italy in particular."

Launched in May 2013, VJPN tracks the FTSE Japan index which offers investors exposure to 505 stocks covering the large and mid-cap segments of the Japanese market.

VJPN’s top two sector weightings are to industrials (23.3%) and consumer goods (23.2%) followed by financials (13%) and consumer services (11.1%).

The launches come after the firm restructured its ETF and fund product management team last December, ETF Stream revealed, with Fitzgerald promoted to his current role as head of product specialism.

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