So a true UCITS alternative to VT. Probably comes with 0.3% TER 
That one is welcome too.
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Did they publish the TER too? They tend to be fairly high for UCITS, we need more competition.
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Hmm, Iām not so sure about that, as ESG Global All Cap UCITS ETF is still at 0.24%.
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Including small caps make management objectively more complicated and expensive.
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Most likely vanguard is feeling the heat with European ETFs taking share. I wouldnāt be surprised if new ETFs are competitive versus VWRL. Hope will be old investors will keep their VWRL investments and new money can flow into new ETFs. Letās see
I would guess theyāll simply match VWRL or go 1bps higher.
The ex-US ucits etf is extremely welcome though, if TER is not too high.
VTI + that , is now a really risk and withholding tax optimized portfolio for us swiss investors, without juggling many funds and less rebalancing issues. Also with no estate tax issues on the ex-US side.
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Iām not sure to understand the strategy of Vanguard on the european market.
A lot of their current ETFs have competitor with more assets and cheaper. Most of their new ETFs already exist at other providers.
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Fwiw thereās vanguard ads on some some of the trams (livery) in ZĆ¼rich. Seems like they definitely want to grow in Europe (and beyond UK which is their traditional market).
Kinda makes sense given the nudge from eg EU towards equity investing rather than savings account (the market potential is fairly large compared to US where a lot of investments are in equity already).
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Do you have examples? I feel that Vanguard is on the same level assets and price as its competitors.
Being Swiss I might have missed this nudge. How is EU trying to get their citizens to invest in stocks?
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Maybe, but except their specific structure (Vanguard is owned by its member funds,) which is not even the case for the european entities, I donāt know why people would chose Vanguard. The UCITS Vanguard funds are more expensive than their competitors.
- S&P 500: SPDR and UBS: 0.03%; Vanguard: 0.07%
- Emerging market: Amundi: 0.14%; Vanguard: 0.17%
- MSCI World/Developed Market: UBS: 0.06%; Vanguard 0.12%
- All world: Amundi: 0.07%; Vanguard: 0.19%
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There are ongoing things like Factsheet: Savings and Investments Union - Finance - European Commission
Thanks! One quote from that factsheet made me laugh:
By choosing to allocate a portion of their savings into productive investments to finance the EUās objectives (e.g. climate transition, innovation or defence), citizens can enjoy higher returns and prepare for their future.
Regardless of political opinion, Iām not convinced that such sector investing will lead to higher returns.
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Theyāre comparing to savings account (non savings account investment is really low in many EU countries).
It should also not be super controversial that propping the domestic capital market, while not necessarily giving the best returns (hey Iām in team VT 
) does benefit the citizenry (better companies/jobs/Innovation/ā¦ itās hard to compete with the US when the entire world throw their money at them instead of their local companies)
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Vanguard is legendary in personal finance scene, donāt underestimate the value of this.
ETFs that you mentioned are younger than Vanguard ones and were launched to undercut Vanguard. E.g. (IIRC) VUSA was for very long time the cheapest S&P 500 UCITS ETF, VWRL is still considered the golden standard, etc.
Besides, TER is not everything. Vanguard is usually good at indexing and typically has a low tracking error. Or maybe not, but this is what I imagine due to my opinion of them 
.
I am not even talking about Vanguardās security lending efficiency. A Vanguard ETF can have formally higher TER, but generate some bp per year of security lending revenue - for the fund, not only for themselves.
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Isnāt it that Vanguard have some proprietary peculiarity in their ETFs that increases efficiency that mirrors mutual funds? I remember seeing something like that ages ago, also seeing that in the following years this peculiarity āgoes off patentā? It probably is only for the US versions, Iād expect.
Iāll just say this: seeing it in Zurich makes a lot of sense, seeing it IN ATHENS is both good (people being nudged to wake up) and worrying (hype exploited by rabid social media slop being flung by the bucket the last 5 years)! I canāt make up my mind if itās because people have increased real disposable income (depending on who you ask youāll hear either that āthings are going greatā or the opposite), hype, or a bit of both.
Nice link that one, didnāt know, thanks for that!
Yes. US Vanguard. Which is only relevant for US taxes.
And itās other way around 
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Finally 
This one could be interesting !
I hope their TER will not be to expensive, but Iām really happy that they want to add new ETF as Iām asking myself to move to UCITS ETF instead of VT.
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What was wrong with EXUS?
Unless the Vanguard one also includes EM? Or is it FTSE that is critical?
*Edit: saw now that it includes EM 
nice.
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