Vanguard Asset Management, a UK-based subsidiary of the Vanguard Group, has launched four Irish-domiciled exchange-traded funds in an effort to extend its ETF range in the European market.

The four funds newly-listed on the London Stock Exchange, with total expense ratios ranging from 0.15 per cent to 0.29 per cent, comprise the Vanguard FTSE Developed Europe UCITS ETF, the Vanguard FTSE Developed Asia Pacific ex Japan UCITS ETF, the Vanguard FTSE Japan UCITS ETF and the Vanguard FTSE All-World High Dividend Yield UCITS ETF.

The range offers UK and European investors access to key developed equity markets, and its latest additions represent Vanguard’s commitment to providing low-cost, physically-backed ETFs, the firm said in a statement.

“ETFs are growing in popularity in Europe and our experience in other markets suggests that this trend will continue. In the US, Vanguard has been very successful in this area, gathering nearly $290 billion of assets since its first ETF launch in 2001. We think that the same low-cost, straightforward approach will prove equally popular in Europe as investors seek the most cost-efficient products to help them reach their goals,” said Axel Lomholt, head of product.

The range, with total expense ratios varying from 0.09 per cent to 0.45 per cent, already consisted of the Vanguard FTSE 100 ETF, the Vanguard S&P 500 ETF, the Vanguard FTSE Emerging Markets ETF, the Vanguard FTSE All-World ETF and the Vanguard UK Government Bond ETF.

As at 31 March 2013, the firm managed more than $2.4 trillion in assets worldwide.