Vanguard Australia is set to list two new exchange-traded funds on the ASX, enabling investment in international small companies and global listed infrastructure.

The Vanguard MSCI International Small Companies Index ETF (ASX:VISM) and the Vanguard Global Infrastructure Index ETF (ASX:VBLD) will commence trading on the ASX in the coming weeks.

In terms of cost, VISM attracts a management fee of 0.32 per cent while that of VBLD will be 0.47 per cent.

Vanguard said the VISM will be the first ETF listed in Australia to offer broadly diversified international small cap exposure to about 3910 holdings across 19 developed markets globally.

It will allow more investors to tap into in the long-term growth potential typical of the international small companies sector, Vanguard said.

It is benchmarked to MSCI World ex-Australia Small Cap Index (with net dividends reinvested).

Meanwhile, the VBLD will provide investors with exposure to about 146 listed infrastructure companies across a range of industries, including transportation and energy. It is the lowest cost global infrastructure ETF currently available, Vanguard said.

It is benchmarked to the FTSE Developed Core Infrastructure Index (with net dividends reinvested).

"The addition of these ETFs provides additional building blocks to allow investors to construct investment portfolios that are truly diversified across and within asset classes, and suited to their individual goals," Vanguard Australia head of corporate affairs, Robin Bowerman said.

It has now been almost 10 years since Vanguard introduced ETFs, with Bowerman adding: "Increasingly, we see Australian investors looking to add international diversification to their portfolios, and these ETFs offer broad international exposure while at the same time providing greater ability to manage a portfolio's allocation to specific asset classes."

The new offerings bring the number of ETFs launched by Vanguard in 2018 to six, with the total number now at 28.