We are writing to let you know of our plans to close our Factor UCITS ETFs on 23 February 2021:
o Vanguard Global Value Factor UCITS ETF [VVAL]
o Vanguard Global Momentum Factor UCITS ETF [VMOM]
o Vanguard Global Liquidity Factor UCITS ETF [VLIQ]
o Vanguard Global Minimum Volatility UCITS ETF [VMVL]
Closing a fund is never an easy decision and we understand you may be disappointed by this news. However, we believe it is in our clients’ best interests to focus on products that are more likely to attract economies of scale. After a review, we found that the above ETFs no longer meet this criteria.
We are committed to providing value and it is through economies of scale that we have been able to reduce the cost of investing, and continue to deliver this value to our investors.
(quote from message to customers)