Vanguard creates MSCI EAFE-based ETF

The new ETF tracks the Morgan Stanley Capital International Europe, Australasia and Far East index.
JUL 26, 2007
The Vanguard Group of Valley Forge, Pa., today introduced a new exchange traded fund that tracks the Morgan Stanley Capital International Europe, Australasia and Far East index. The product will be in direct competition to the popular iShares MSCI EAFE Index Fund (EFA) sponsored by Barclays Global Investors of San Francisco. Vanguard is playing up the fact that its new fund, the Vanguard Europe Pacific ETF (VEA) will have an expense ratio of 0.15% versus 0.35% for the iShare product, and 1,134 holdings compared to 824 holdings in the Barclays' iShare. A Barclays spokeswoman was not immediately available. A fact sheet on the iShares website for the iShares MSCI EAFE Index Fund lists 829 holdings.

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