Vanguard VIPER shares

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peteyperson
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Vanguard VIPER shares

Post by peteyperson » Fri Sep 26, 2003 4:56 am

Even though Vanguard have several funds available to European private investors, they each require $100,000 as a minimum investment.


In information on US Viper shares, Vanguard said:

" VIPER Shares have been listed for trading on the American Stock Exchange since June 2002.

Vanguard is currently assessing the demand for VIPER Shares in Europe "

http://global.vanguard.com/internationa ... tfsEN.html


Has anyone here had any experience of the new US Vanguard Viper shares? Do they trade like regular US ETFs? How do the fee side of things work out?

Thanks,
Petey

bylo
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Re: Vanguard VIPER shares

Post by bylo » Fri Sep 26, 2003 8:19 am

peteyperson wrote: Has anyone here had any experience of the new US Vanguard Viper shares? Do they trade like regular US ETFs? How do the fee side of things work out?
Yes, I own shares of VTI. They trade just like any other ETF on the US Amex. The ER is 15 bp which is actually 5 bp lower than on the open-end VTSMX mutual fund. With Vanguard soon coming out with new ETFs that track US market segments, as well as Europe, Asia/Pacific and Emerging Markets, there's no longer any reason why a non-US resident would have to deal with Vanguard Europe in Ireland.

As for European versions of Vanguard ETFs, presumably these would be identical to the Amex-traded shares, except that they'd trade on European exchanges and be priced in local currency.

peteyperson
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Re: Vanguard VIPER shares

Post by peteyperson » Sun Sep 28, 2003 12:29 am

Well yes, theoretically. They're only considering it at the moment according to their own press.

I find it amazing that Vanguard haven't gone into the UK market for small investors already. Major oversight given the generally high cost of investing. "Rip-off Britain" would at least get a little less so.

Petey
bylo wrote: As for European versions of Vanguard ETFs, presumably these would be identical to the Amex-traded shares, except that they'd trade on European exchanges and be priced in local currency.

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