Vanguard Announces the 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.
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.
The announcement comes in an era when many investment firms are reducing the annual costs of owning funds, much to the ...
The fee cuts are the largest annual expense ratio reduction in the firm’s 50-year history – and the first major announcement from newly appointed CEO Salim Ramji.
Vanguard has lowered the expense ratio across 87 of its funds, bringing its average asset-weighted fee down to just 0.07% ...
Valley Forge, Pennsylvania-based Vanguard slashed the expense ratio, or the cost of owning a mutual fund or exchange-traded ...
From the Philadelphia Business Journal. Vanguard Group CEO Salim Ramji has hired a former executive at its rival, Fidelity Investments, to head a new advice and wealth management division ...
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