ETF Watch: More Vanguard ETFs See Fees Reduced

February 24, 2017

Vanguard has announced another wave of expense ratio reductions affecting 68 share classes. This is the third round of expense ratio reductions Vanguard has announced in just three months. In total, 124 different fund shares have been affected, with $143 million in savings racked up for Vanguard’s investors, the investment management company said.

Twelve Vanguard ETFs were included in this latest series of cost adjustments, according to the press release:

All of the ETFs are international funds except for VYM.

“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 new fronts in the fee war are active management and advice. Again, investors will ultimately win,” he added.

The Vanguard International High Dividend Yield Index ETF (VYMI) was in one of three share classes—but the only ETF—to see an increase in expense ratio. Its fee has risen 2 basis points to 0.32%.

 

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