Vanguard Group Inc. has introduced an exchange-traded fund that tracks companies in Europe, Australia, and Asia.
The Vanguard Europe Pacific ETF tracks the performance of the MSCI EAFE Index. The fund owns 1,134 securities and has an expense ratio of 0.15%, the company said Thursday. The new offering is a share class of the Vanguard Tax-Managed International Fund, which was started in 1999 and has $2.3 billion of net assets.
Vanguard, which is based in Valley Forge, Pa., is the second-largest U.S. mutual fund company, with $1.3 trillion of assets under management.