Vanguard has launched eight index mutual funds and nine exchange-traded funds based on S&P domestic stock benchmarks.
Among the products are ETF shares of Vanguard’s flagship Vanguard 500 Index Fund, the industry’s first index mutual fund for individual investors and currently the second-largest index mutual fund,with $86.8 billion in net assets, according to Lipper Inc. The Vanguard S&P 500 ETF has an expense ratio of 0.06%, which is the lowest expense ratio for an ETF based on the S&P 500 Index, according to Morningstar Inc.
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