Seeking Alpha

New ETF player launches international equity fund

  • Vident Financial enters the ETF industry with the launch of the Vident International Equity Fund (VIDI), with the pricey cost of 0.75% compared to vaguely similar Vanguard funds VXUS and VEU with expense ratios of 0.16% and 0.15%, respectively. IndexUniverse's Paul Britt notes, however, 0.75% is competitive with what one might expect for an actively-managed fund.
  • Vident tracks a proprietary index investing through a complex system hoping to beat the returns of market-cap weighted funds. VIdent calls its approach "principled investing."
  • Maybe closer competitors are FlexShares' International Quality Dividend Defensive ETF (IQDE) and International Quality Dividend ETF (IQDF), each with 0.47 expense ratio, but also each subject to closure risk because of their lack of assets.
Comments (2)
  • riotango07
    , contributor
    Comments (67) | Send Message
     
    I'll stick to my VXUS thank you very much!
    31 Oct 2013, 08:08 PM Reply Like
  • aua868s
    , contributor
    Comment (1) | Send Message
     
    i agree with riotango07....looks lame to introduce a similar etf with about 5 times expense ratio! not all of us are suckers.
    20 Nov 2013, 08:41 PM Reply Like
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