Vanguard launches DAX Ucits ETF
Vanguard has launched the Vanguard DAX Ucits ETF, providing access to 30 of the largest and most liquid companies in Germany. For just 0.10% OCF, savers can invest in the globally recognised manufacturers, car makers, and industrial companies that power Europe’s largest economy. The ETF is listed on the London Stock Exchange (LSE) and Deutsche Börse.
The launch is the step in Vanguard’s long-term commitment to lowering the cost and complexity of investing in Europe. In June, Vanguard opened its first office in Germany, based in Frankfurt, on the back of the listing of Vanguard’s full European Ucits ETF range on Deutsche Börse in October 2017.
Since the start of the year Vanguard has made several senior ETF hires, including; the appointment of Simone Rosti as Head of Italy, the hiring of Markus Weis as Deputy Head of Germany and Austria, and Liz Wright, Christophe Collet, and Rahul Thrakar joining as Senior ETF Specialists, and Gregoire Blanc as Senior ETF Capital Markets Specialist.
Vanguard now offers 25 Ucits ETFs for European investors and has over $175 billion in assets under management across its European mutual fund and ETF range, as of 30th June 2018. Globally, Vanguard manages $5.1 trillion on behalf of investors worldwide, as of 30th June 2018.
Thomas Merz, head of Distribution, Europe Ex-UK, commented: “The Vanguard DAX Ucits ETF is designed to help investors putting together high-quality, balanced, diversified portfolios; whether that’s domestic investors looking for exposure to their home market, or investors’ across Europe recognising the opportunities provided by Europe’s largest economy.”