Vanguard is adding to its nest of VIPERs. The Valley Forge, Pennsylvania-based fund firm said Wednesday that it is adding three ETFs to its family of VIPERs. It also announced that growing assets enabled it to lower the expense ratios for its existing VIPERs.

The three new exchange-traded funds each track a Morgan Stanley Capital International index. They include a European fund, a Pacific fund and an Emerging Markets fund. All counted, Vanguard will offer 23 VIPERs after the introduction of the new trio.

"With the new Pacific and European VIPERs, investors will have--for the first time--the opportunity to invest in both of the developed international market regions through ETFs targeting broad benchmarks," said Gus Sauter, Vanguard's chief investment officer. "The new Emerging Markets VIPERs provide diversified exposure to developing international markets at an expense ratio that is less than half of comparable ETFs."  

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