Reported about 20 hours ago
This week, Vanguard significantly reduced fees on 168 mutual fund and ETF share classes, averaging a 20% cut, marking the largest expense ratio decrease in its nearly 50-year history. With its new average expense ratio at just 0.07%, far below the industry average of 0.44%, this move highlights the importance of low fees for long-term investment growth. Despite having already low fees, the cuts are expected to benefit retail investors by enhancing their returns over time. However, the fee cuts come shortly after Vanguard settled significant charges with the SEC for misleading statements, indicating a shift towards prioritizing client value.
Source: YAHOO