Vanguard has launched the Vanguard FTSE All-World ex-U.S. Small-Cap exchange-traded fund, its 39th ETF. It tracks the FTSE Global Small Cap ex-U.S. Index.

According to Lipper, this is the only international small-cap ETF that covers both developed and emerging international markets. Vanguard has $44 billion in assets in its ETFs.

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