Vanguard Investments Canada Inc. has introduced the Vanguard FTSE Developed ex North America High Dividend Yield Index ETF. The exchange traded fund began trading on the TSX Aug. 28 with a management fee of 0.28 per cent.

"Canadian investors and advisors are increasingly looking for global income-oriented solutions," said Atul Tiwari, managing director of Vanguard Investments Canada Inc. "This ETF helps meet that need with an easy-to-understand investment process featuring strong equity yield potential with low-costs and a disciplined risk management framework."

High dividend-paying companies

"We have seen that Canadian investors value equity income options that are low-cost, global and well-diversified," said Tim Huver, head of product, Vanguard Investments Canada Inc. "This ETF provides exposure to the largest high dividend-paying companies across a diversified mix of 23 developed international markets outside of North America."