Vanguard Transitions Emerging Markets ETF to FTSE Index
TORONTO -- June 27, 2013
Vanguard Investments Canada Inc. announced today that Vanguard FTSE Emerging
Markets Index ETF (VEE) will seek to track the FTSE Emerging Index as of June
Vanguard Emerging Markets Index ETF tracked the MSCI Emerging Markets Index
prior to January. During a six-month transition that started on January 10,
2013, the ETF tracked a custom benchmark, the FTSE Emerging Transition Index.
The portfolio managers were able to implement the transition cost-effectively
with minimal market impact costs and negligible tracking error while allowing
unitholders to see the ETF’s position. As of June 28, the ETF will have fully
moved from the transition index to the FTSE Emerging Index.
The transition of the ETF to the FTSE Emerging Index concludes the benchmark
changes announced by Vanguard Investments Canada in October 2012. Four ETFs
began moving in January 2013 from tracking MSCI indexes to track indexes
provided by FTSE and University of Chicago's Center for Research in Security
For more information about Vanguard’s benchmarks, go to Vanguard’s Benchmark
Vanguard Investments Canada Inc. is a wholly owned indirect subsidiary of The
Vanguard Group, Inc. Vanguard is one of the world’s largest investment
management companies and a leading provider of company-sponsored retirement
plan services. Vanguard manages more than $2.45 trillion in global assets. The
firm offers more than 160 funds to U.S. investors and more than 80 additional
funds in non-U.S. markets. For more information, please visit
About FTSE Group
FTSE Group (FTSE) is a world leader in the provision of global index and
analytical solutions. FTSE calculates indexes across a wide range of asset
classes, on both a standard and custom basis. FTSE indexes are used
extensively by investors worldwide for investment analysis, performance
measurement, asset allocation, portfolio hedging and the creation of a wide
range of index derivatives, funds, ETFs, and other structured products. For
more information, visit ftse.com.
About The Center for Research in Security Prices (CRSP)
CRSP (Center for Research in Security Prices) is one of 11 research centers at
the University of Chicago Booth School of Business. The research organization
pioneered the development of U.S. stock market data in 1960 that are widely
used in academic and investment research. The CRSP Indexes capture broad U.S.
equity market coverage and include securities traded on the NYSE, AMEX, NASDAQ
and ARCA markets. Nearly 4,000 constituents across mega, large, mid, small and
micro capitalizations, representing 100% of the U.S. investable equity market
(or 99.5% of cumulative full market capitalization of U.S. equity), comprise
the market-cap indexes. CRSP’s portfolio of historical databases for common
stocks, mutual funds, Treasuries, REITs, and research indexes is relied on by
more than 435 leading academic institutions in 31 countries. It is also widely
used for research in the commercial and governmental sectors. For more
information, visit crsp.com.
All asset figures are as of May 31, 2013, unless otherwise noted.
Commissions, management fees and expenses all may be associated with the
Vanguard ETFs™. This offering is only made by prospectus. The prospectus
contains important detailed information about the securities being offered.
Copies are available from Vanguard Investments Canada Inc. at
www.vanguardcanada.ca. Please read the prospectus before investing. ETFs are
not guaranteed, their values change frequently, and past performance may not
The Vanguard ETF referred to herein is not sponsored, endorsed, or promoted by
MSCI, and MSCI bears no liability with respect to any such ETF.
All rights in the FTSE Emerging Index, and the FTSE Emerging Transition Index,
(the “Indexes”) vest in FTSE International Limited (“FTSE”). “FTSE®” is a
trademark of London Stock Exchange Group companies and is used by FTSE under
licence. The Vanguard FTSE Emerging Markets Index ETF (the “Product”) has been
developed solely by Vanguard. The Indexes are calculated by FTSE or its agent.
FTSE and its licensors are not connected to and do not sponsor, advise,
recommend, endorse or promote the Product and do not accept any liability
whatsoever to any person arising out of (a) the use of, reliance on or any
error in the Indexes or (b) investment in or operation of the Product. FTSE
makes no claim, prediction, warranty or representation either as to the
results to be obtained from the Product or the suitability of the Indexes for
the purpose to which it is being put by Vanguard.
Vanguard funds are not sponsored, endorsed, sold, or promoted by the
University of Chicago or its Center for Research in Security Prices, and
neither the University of Chicago nor its Center for Research in Security
Prices makes any representation regarding the advisability of investing in the
For more information, contact the Vanguard PR Hotline at 610-669-5002
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