Vanguard’s recently launched global equity exchange-traded fund (ETF) has exceeded US$1billion in assets under management within two weeks of its launch.
Vanguard said that its newly listed Vanguard FTSE Global All Cap UCITS ETF has surpassed US$1 billion in assets under management (AUM) less than two weeks of launch. Vanguard said the fund reflects the firm's long-standing focus on index investing and diversification The ETF provides investors with broad exposure to global equity markets through a single fund. It tracks the FTSE Global All Cap Index, which covers large, mid and small-cap companies across developed and emerging markets.