Vanguard is expanding into Hong Kong's retail market through exchange-traded fund offerings, in a move that could trigger a fee war in the city's fund market as the world's cheapest ETF provider comes to town.
The largest mutual fund company - known for its low-fee strategy when entering new markets - officially enters Hong Kong next Tuesday by listing here its first ETF product, which will track the FTSE Asia Pacific ex Japan Index.
via Business feed http://www.scmp.com/business/money/markets-investing/article/1231827/vanguard-poised-shake-etf-market
No comments:
Post a Comment