Vanguard on Thursday announced its new High Dividend Yield Index Fund, available to individual investors, institutions and financial advisers in both traditional and ETF shares.The fund will track the FTSE High Dividend Yield Index, a new index of U.S. stocks with higher-than-average yields taken from the FTSE Global Equity Index that FTSE Group created exclusively for Vanguard.

“We will continue to take a deliberate approach to expanding our index fund family, tailoring our fund lineup to meet investor needs,” said Vanguard Chairman and CEO John J. Brennan. “Our newest offering provides a diversified, low-cost stock portfolio to income-oriented investors.”

With this new offering, Vanguard now has 60 indexed fund and annuity portfolios with a total of $435 billion in assets.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.