New Vanguard Foreign fund
Vanguard files to launch foreign index fund
By Murray Coleman
Last Update: 2:25 PM ET Dec 15, 2006
SAN FRANCISCO (MarketWatch) -- The Vanguard Group filed Friday with the Securities and Exchange Commission to launch a new foreign index fund. The fund would track the FTSE All-World ex-USA Index, which is float-adjusted and weights stocks in both developed and emerging markets by market-cap size. The underlying benchmark covers 2,000 large-cap and mid-cap stocks in 48 countries. The new fund would offer investor, institutional and exchange-traded fund share classes.
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