Vanguard FTSE Emerging Markets ETF VWO NYSE

Vanguard FTSE Emerging Markets ETF (VWO) invests in stocks of companies located in emerging markets worldwide, including China, Brazil, Taiwan, and South Africa. The fund aims to closely track the performance of the FTSE Emerging Markets All Cap China A Inclusion Index. While the fund offers high growth potential, it carries correspondingly high risk, with share values subject to greater volatility than stock funds investing in developed countries. The fund is designed for long-term investors who can tolerate significant market fluctuations. Diversification restrictions limit the fund to no more than 10% of any single issuer's outstanding voting securities and no more than 5% of total assets in any one issuer's securities, except where necessary to match the target index composition.