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VALLEY FORGE, Pa., June 27, 2018 /PRNewswire/ -- Vanguard today filed a preliminary registration statement with the Securities and Exchange Commission for Vanguard ESG U.S. Stock ETF and Vanguard ESG International Stock ETF. The new ETFs will complement Vanguard's existing FTSE Social Index Fund and are expected to begin trading in September 2018.
Vanguard ESG U.S. Stock ETF will seek to track the FTSE US All Cap Choice Index, a market-cap weighted benchmark comprising large-, mid-, and small-cap U.S. stocks screened on specific environmental, social, and governance criteria. Vanguard ESG International Stock ETF's target benchmark will be the FTSE Global All Cap ex US Choice Index, a market-cap weighted benchmark comprising large-, mid-, and small-cap stocks in developed and emerging international markets (excluding the U.S.) screened on specific environmental, social, and governance criteria. The estimated expense ratios for the new ETFs are 0.12% and 0.15%, respectively, making them among the lowest-cost ESG offerings available to investors.
"The adoption of ESG investing has accelerated in recent years, and more investors are looking for opportunities to align their investment choices with their values," said Jon Cleborne, head of Vanguard's Portfolio Review Group. "Our new ETFs marry Vanguard's characteristic low-cost, diversified investment approach with a rigorous ESG screening process."
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Social responsibility is part of everything we do
We’re committed to engaging in responsible business, investing, and ethical practices in everything we do:
As a corporate steward. We’re focused on creating long-term value for our clients, our employees, and the communities where we operate and live.
As an investment manager. Our internal investment teams and external advisors regularly consider ESG principles when making investment decisions for our ESG index funds and all of our actively managed mutual funds.
As an investment steward. We closely evaluate the governance and oversight of the companies in which our funds invest. We advocate for better governance, meet with company leaders to express our views, and vote the proxies of those stocks accordingly.
In another sign of impact investing’s emergence, Vanguard plans to add two ESG exchange-traded funds to its existing one.
“Vanguard’s contribution here appears to be, of course, the Vanguard effect—that is, undercutting rivals with low fees. The estimated expense ratios for new ETFs are 0.12% and 0.15%, respectively. That’s much lower than the 0.25% fee charged by the biggest ESG ETF by assets, iShares MSCI KLD 400 Social [DSI], and the 0.20% fee charged by Goldman’s ETF.”