- The company yesterday launched the Vanguard International High Dividend Yield Index Fund (VYMI) and the Vanguard International Dividend Appreciation Index Fund (VIGI). Both ETFs come alongside "investor" and "admiral" classes of mutual funds.
- VYMI, with a 0.3% expense ratio, tracks the FTSE All-World ex-U.S. High Dividend Yield Index which has more than 800 of the highest-yielding large- and small-cap stocks in both developed and emerging markets. VIGI, with a 0.25% expense ratio, tracks the Nasdaq International Dividend Achievers Select Index, which holds about 200 stocks with long track records of dividend boosts.
- The funds are international cousins to the $12B Vanguard High Dividend Yield Index Fund (VYM) and the $19B Vanguard Dividend Appreciation Index Fund (VIG). The new products also have cheaper fees than the SPDR International Dividend ETF (DWX), which charges 0.45%, and the iShares International Select Dividend ETF (IDV), which charges 0.5%.