Vanguard cut fees again, marking the third time in three months, to save investors a cumulative $143 million in savings across 124 mutual fund and ETF shares. This reduction is a big win for investors like you and me. “While Vanguard is lowering — and will continue to lower — the cost of investing, the so-called fee war is essentially over on the beta battleground. Investors have won,” said Vanguard CEO Bill McNabb. “The demand for low-cost funds and ETFs, along with intense competition, have made investing far more affordable today than ever before,” added McNabb. “With the broad availability of low-cost options, investors – whether on their own or with the help of a financial advisor or employer – need to focus on the other factors that can lead to investing success, including saving more, developing a suitable asset allocation, using broadly diversified funds, and maintaining discipline through market ups and down.”
