Vanguard Cuts Fees, Sending Shockwaves Through Asset Management
2025-02-04
Vanguard Group has slashed fees for 168 share classes across 87 mutual funds and ETFs, a record move that's likely to disrupt the asset management industry. The cuts, effective immediately, lower Vanguard's average asset-weighted fee to just 0.07% on its $10 trillion under management—a stark contrast to the industry average of 0.44%.