Vanguard Launches Three Mega Cap Index Funds
ETF Shares of
the Vanguard Mega Cap 300 Index Fund (MGC), Vanguard
Mega Cap 300 Growth Index Fund (MGK), and Vanguard Mega Cap
300 Value Index Fund (MGV) have begun trading on NYSE Arca,
according to a press release. The ETF shares will have an
expense ratio of 0.13%.
Institutional Shares of the new funds can be purchased directly from Vanguard, and will feature an expense ratio of 0.08% for investments of $5 million or more, the release said.
The new funds are managed by Vanguard Quantitative Equity Group, which oversees more than $545 billion in indexed assets.
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