Vanguard has revealed plans to broaden its line-up of exchange-traded funds in Canada, with the launch five new ETFs on the Toronto Stock Exchange.

Atul Tiwari, managing director of Vanguard Investments Canada.

The firm has filed a preliminary prospectus with the Canadian securities regulators for three international equity ETFs and two international bond ETFs.

Atul Tiwari, managing director of Vanguard Investments Canada, said: “We are committed to providing investors access to broadly diversified investments, managed by Vanguard’s experienced team of index investment professionals, at an extremely low cost.”

He added: “Since entering the Canadian market in 2011, Vanguard has gained increasing investor acceptance and recognition as a leading ETF provider.”

Vanguard’s existing Canadian line-up includes 16 ETFs with total assets of more than $2.4 billion.

On average, the provider’s fees are below those of other providers. The average management expense ratio (MER)—which includes the management fee—for Vanguard’s current crop of ETFs was 0.24% as of December 31, 2013, while ETF industry average was 0.80%. Mutual funds had an average MER of 2.25%.

The average management fee for Vanguard’s expanded line-up of 21 ETFs, which includes the five new funds listed below, is expected to be 0.22%.

Vanguard FTSE All-World ex Canada Index ETF
FTSE All-World ex Canada Index
MER 0.25%

Vanguard FTSE Developed Europe Index ETF
FTSE Developed Europe Index
MER 0.23%

Vanguard FTSE Developed Asia Pacific Index ETF
FTSE Developed Asia Pacific Index
MER 0.23%

Vanguard US Aggregate Bond Index ETF (CAD-hedged)
Barclays U.S. Aggregate Float Adjusted Bond Index (CAD Hedged)
MER 0.20%

Vanguard Global ex-US Aggregate Bond Index ETF (CAD-hedged)
Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (CAD Hedged)
MER 0.35%