Vanguard's Total World fund changes benchmark to FTSE Global All Cap

By Tali David

Minneapolis, Dec. 19 - Vanguard Total World Stock Index Fund said that the FTSE All-World Index is replaced with the FTSE Global All Cap Index as the fund's benchmark index, effective immediately.

Vanguard said that the new benchmark provides greater diversification and a more complete representation of the global stock market by adding exposure to small-capitalization stocks of companies located around the world.

The fund's 0.25% purchase fee is eliminated, also effective immediately, according to a press release.

Vanguard is a Valley Forge, Pa.-based investment management company and provider of company-sponsored retirement plan services.

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