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 ...
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% ...
Out of more than 2,000 moves reducing prices over nearly 50 years, the company says this round represents the largest in its ...
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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