Vanguard is planning to offer three new large-cap index funds, each of which will offer an exchange-traded share class, that will invest in companies with market capitalizations of $3 billion to $500 billion. They will track the MSCI US Large Cap 300 Index and two subsets of the index, one based on growth and one on value.

The three funds are the Mega Cap 300 Index, the Mega Cap 300 Value Index and the Mega Cap 300 Growth Index. The quantitative equity group at Vanguard will oversee the funds, which are designed for advisers and institutional investors.

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.