Vanguard Goes the Sector Index Fund Route
You just can't have too much of a good thing. Not according to Vanguard, anyway.
The fund family that offered the first index funds to investors is now set to offer 11 more -- plus another nine (count 'em) exchange-traded funds to boot. Both the funds and ETFs are expected to launch in the fall.
Investors who just can't decide whether to invest in Vanguard's (VFINX Quote)S&P 500 fund or its (VTSMX Quote)Total Stock Market fund will now be able to split the difference -- among Vanguard's new offerings is one large-capitalization fund. The large-cap fund will track the Morgan Stanley Capital International (MSCI) US Prime Market 750 index, which currently represents the largest 88% of the total stock market.
The remaining 10 funds are sector-specific, based on the MSCI U.S. Investable Market 2500 index. There will be sector funds for energy, materials, industrials, consumer discretionary, consumer staples, health care, financials, information technology, telecommunications services and utilities. ...
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