Vanguard has released seven bond index funds, expanding its bond index ETF range to 12 products.
The funds, which have expense ratios of 0.15%, track Barclays Capital indices comprising bonds of varying maturities.
The range includes the Vanguard Short-Term Government Bond index fund, which replicates the Barclays Capital US 1-3 Year Government Float Adjusted index.
The intermediate term fund tracks the respective 3-10 year index, while the long term fund tracks the US Long Government Float Adjusted index.
The latest launch also offers funds tracking corporate bond indices, including the US 1-5 Year Corporate index, the US 5-10 Year Corporate index and the US Long Corporate index.
The seventh ETF is the Vanguard Mortgage-Backed Securities index fund, which tracks the US MBS Float Adjusted index.
The latest range of ETFs will trade on the Nasdaq stock exchange, while Vanguard's 39 other ETFs trade on NYSE Arca, with some cross-listed in Australia and Mexico.
Vanguard released its first bond ETFs in April 2007. The provider says its ETF assets are up nearly 95% in 2009, to $78bn. It says the average expense ratio of Vanguard ETFs is 0.19%, less than half the ETF industry average of 0.55%, according to Morningstar.
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