ETP roundup: Vanguard launches ETF of ETFs
Vanguard has launched an exchange-traded-fund (ETF) of ETFs called Vanguard Total World Bond ETF. The ETF is a single index product, but offers exposure to the global investment-grade bond universe. The new fund invests in two bond ETFs of Vanguard: Vanguard Total Bond Market ETF and Vanguard Total international Bond ETF. This structure allows the new fund to achieve diversification benefits, while lowering operating expenses and providing more liquidity.
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