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Vanguard Ups The Ante, Launches Russell ETFs

By: ETFdb
After recently rolling out a suite of ETFs linked to popular S&P indexes, Vanguard continued its push to grab a larger share of the ETF market on Wednesday by introducing seven new products linked to Russell benchmarks. The new Vanguard ETFs include: Russell 1000 ETF (VONE) Russell 1000 Value ETF (VONV) Russell 1000 Growth ETF (VONG) Russell 2000 ETF (VTWO) Russell 2000 Value ETF (VTWV) Russell 2000 Growth ETF (VTWG) Russell 3000 ETF (VTHR) The introduction of these new ETFs represents a new chapter in the intensifying battle between Vanguard and iShares for ETF market share. iShares is currently the biggest player in the U.S. market, accounting for nearly half of all ETF assets. Vanguard ranks third by total assets, but has seen red-hot growth over the last year. Each of the new Russell products will go head-to-head with an existing iShares ETF–meaning that each firm now offers an exchange-traded product tracking identical benchmarks. Consistent with its [...] Click here to read the original article on ETFdb.com. Related Stories: Russell Takes Step Towards ETF Outburst Vanguard Plans To Shake Up ETF Industry Vanguard Launches New, Cheaper S&P 500 ETF (VOO)
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