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Vanguard launches first S&P 500 ETF

Vanguard, which now has five ETFs in Hong Kong, said the total expense ratio (TER) of the new fund would be 0.25% annually, making it the lowest cost US equity ETF available in the special administrative region of China. “Today’s launch of the Vanguard S&P 500 Index ETF demonstrates our ongoing commitment to the Hong […]

Vanguard, which now has five ETFs in Hong Kong, said the total expense ratio (TER) of the new fund would be 0.25% annually, making it the lowest cost US equity ETF available in the special administrative region of China.

“Today’s launch of the Vanguard S&P 500 Index ETF demonstrates our ongoing commitment to the Hong Kong market, and provides investors with another core building block to build a globally diversified portfolio,” said Vanguard Asia regional managing director Shelly Painter.

Vanguard’s other four listed Hong Kong equity ETFs cover developed Europe, Japan, Asia ex-Japan and Asia ex-Japan High Dividend Yield.

“The expansion of our ETF suite in Hong Kong provides investors with greater choice of low cost, risk controlled and well diversified portfolio construction tools,” said James Norris, Vanguard International managing director.

In June last year, the firm launched three ETFs in Hong Kong.

Part of the Bonhill Group.