Vanguard unveils ETFs on NYSE Arca

The Vanguard Group Inc. has launched three new exchange traded funds on the NYSE Arca today, which seek to track three MSCI Indexes. The Vanguard Mega Cap 300 Index Fund, which is listed under the ticker symbol "MGV," seeks to track the MSCI US Large Cap 300 Index. The Vanguard Mega Cap 300 Growth Index Fund, which is listed under the ticker symbol "MGC," seeks to track the MSCI US Large Cap Growth Index. The Vanguard Mega Cap 300 Value Index Fund, which is listed under the ticker symbol "MGK," seeks to track the MSCI US Large Cap Value Index. Each of the funds carries an expense ratio of 0.13%. With the launches, Malvern, Pa.-based now has 37 exchange traded funds and manages nearly $1.3 trillion in U.S. mutual fund assets as of Nov. 30.