Vanguard Launches Small-Cap Developed, Emerging Market ETF

April 6, 2009 ( - Vanguard FTSE All-World ex-US Small-Cap ETF, which seeks to track the performance of the FTSE Global Small Cap ex US Index, has begun trading on the NYSE Arca exchange under the ticker symbol VSS, The Vanguard Group announced.

The launch brings the number of Vanguard’s ETFs to 39, with aggregate assets topping $44 billion according to a news release.
VSS holds approximately 2,100 securities and has an expense ratio of 0.38. Vanguard says it is the only international small-cap ETF to cover both developed and emerging international markets.

“Many advisers are committed to providing international exposure within their clients’ portfolios, but until now a low-cost index option with developed and emerging market small-cap exposure was not available,” said Martha Papariello, principal, Vanguard Financial Advisor Services, in the announcement.