American Stock Exchange Launches Vanguard's Two New Exchange Traded Funds

New Low-Cost ETFs Track the MSCI(R) US Mid-Cap Indexes

NEW YORK, Aug. 24 /PRNewswire/ -- The American Stock Exchange® (Amex®) announced today that it has launched trading in the Vanguard® Mid-Cap Value ETF (VOE) and the Vanguard Mid-Cap Growth ETF (VOT).

"Vanguard is a respected leader in investment products, and the American Stock Exchange is extremely pleased to have been selected to list their new mid-cap ETFs," said Cliff Weber, Senior Vice President of the ETF Marketplace. "The Amex takes great pride in supporting all of Vanguard's 26 ETF listings on the exchange."

The Vanguard Mid-Cap Value ETF and Vanguard Mid-Cap Growth ETF seek to track, respectively, the Morgan Stanley Capital International® (MSCI) US Mid Cap Value Index and the MSCI US Mid Cap Growth Index, which are subsets of the MSCI US Mid Cap 450 Index. The two new funds have projected expense ratios of 0.13% each, well below the average of 0.34% for their respective peer groups and about half the cost of competitors.

The specialist is Goldman Sachs Execution & Clearing LP.