Vanguard has swapped indexes for a $15.7 billion fund. The Vanguard Tax-Managed International Fund traded the MSCI EAFE Index for the FTSE Developed ex North America Index, effective today.
With the transition, the name of the fund’s ETF Shares will change from Vanguard MSCI EAFE ETF to Vanguard FTSE Developed Markets ETF. The ETF’s ticker symbol (VEA) will remain the same.
Through April, Vanguard’s ETFs raked in $23 billion. With $1.7 billion in net cash inflow, VEA was the top-selling developed international market “core” product, according to the firm.