Vanguard Reduces Fees on Dozens of Index Funds to Save Investors Millions
The world's second-largest asset manager is cutting expense ratios for over 50 products. This second sweeping reduction will save investors $250 million.
Insights:
Vanguard announced today that it has reduced fees across 53 index-based mutual funds and exchange-traded funds in the US 
US, marking the second such broad reduction by the firm within the last 12 months. The expense ratios for these products have been trimmed by a few basis points, with individual cuts ranging from 0.01% to 0.10%. Daniel Reyes daniel reyes, global head of investment product at Vanguard, stated that the move is expected to save investors $250 million on an annual basis.
US, marking the second such broad reduction by the firm within the last 12 months. The expense ratios for these products have been trimmed by a few basis points, with individual cuts ranging from 0.01% to 0.10%. Daniel Reyes daniel reyes, global head of investment product at Vanguard, stated that the move is expected to save investors $250 million on an annual basis.
