Vanguard puts pressure on rivals with large round of fee cuts
Vanguard is already a dominant player in equity investing, thanks to its enormous index-tracking funds and relatively low-cost active funds. It runs the world’s largest investment fund, a $1.78tn behemoth that tracks the entire US market, and its S&P 500 ETF is the world’s second-largest and closing in on the market leader.
Vanguard Announces Largest Fee Cut in Firm’s History
Vanguard announced Monday fee reductions on 168 share classes across 87 investment funds—in what the firm called its largest fee cut to date. The firm projects that the fee reductions are expected to save investors of all kinds more than $350 million this year alone.
The asset manager says the move at 87 funds will save investors $350 million this year.
Asset manager Vanguard said on Monday it was lowering the cost of investing across its fund lineup in its largest cut ever ...
Vanguard has lowered the expense ratio across 87 of its funds, bringing its average asset-weighted fee down to just 0.07% ...
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