Reported about 12 hours ago
Vanguard Group has announced a reduction in fees for 168 mutual funds and ETF-related share classes, potentially saving investors over $350 million this year. This 20% decrease in operating costs lowers Vanguard's average expense ratio to 0.07%, significantly below the industry average of 0.44%. The move underscores Vanguard's commitment to reducing costs for investors, highlighting the importance of lower fees in maximizing long-term investment returns.
Source: YAHOO