Vanguard has launched two new equity index funds in the UK as part of its funds range expansion.
The Vanguard FTSE 100 Index Unit trust and the Vanguard FTSE Global All Cap Index fund will invest in large companies in the UK and all size of companies in the world respectively.
The funds will have an ongoing charge figure of 0.06 per cent and 0.24 per cent respectively.
In May, the firm has launched its first UK-domiciled actively managed funds, including an income fund, emerging markets equities fund and a balanced fund.
Fund Strategy previously revealed Vanguard is to expand its active investments with the launch of a global fund range next year as well as its plans for a direct-to-consumer offering in the UK.
Vanguard head of distribution in the UK Robyn Laidlaw says: “We continue to expand our active and index fund ranges in the UK, always with the aim of meeting the evolving needs of investors.
“Index investing is continuing to gain considerable traction in the UK, with assets under management in index funds more than doubling since 2012 to £122.83bn.
“These new funds provide additional options for UK investors looking to put together balanced, diversified, long-term investment portfolios, while controlling costs.”