No Detente in Fee Wars

Fees are coming down on 10 Vanguard ETFs $(175 billion aum)

Source: Wall Street Journal

 

My friend Asjylyn notes the fee wars continue:

“Vanguard Group is cutting management fees on 10 exchange-traded funds, the latest money manager to trim fees on a host of investment products.

The ETFs, with combined assets of $176 billion, include funds that invest in international stocks and bonds. The biggest is the $63 billion Vanguard FTSE Emerging Markets ETF, which will cost $12 a year for every $10,000 invested. That is down from $14, making it cheaper than a competing ETF from BlackRock Inc.’s iShares Core lineup. In addition, 43 Vanguard mutual funds are also reducing fees.”

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