Tue, February 4, 2025
[ Tue, Feb 04th 2025 ]: Reuters
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Vanguard slashes fees; expects its investors will save $350 million in 2025

Vanguard, a major U.S. asset manager, announced on February 3, 2025, that it is reducing fees across a range of its mutual funds and ETFs, expecting to save investors approximately $350 million by the end of 2025. This move includes lowering expense ratios for 12 mutual funds and 18 ETFs, with some funds seeing reductions of up to 10%. The fee cuts are part of Vanguard's strategy to maintain its competitive edge in the low-cost investment market, particularly as investors increasingly turn to passive investment strategies. Vanguard's CEO, Tim Buckley, emphasized the firm's commitment to reducing costs for investors, stating that these savings would directly benefit shareholders by enhancing their long-term investment returns.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/vanguard-slashes-fees-expects-its-investors-will-save-350-million-2025-2025-02-03/ ]