Vanguard is to cut fees on six equity ETFs.
Effective 7 October, ongoing charges figures (OCFs) will be reduced on FTSE and ESG emerging markets, Japan, Germany, All-World and North American equity ETFs – see below table.
Vanguard previously cut fees on seven fixed income ETFs earlier this year.
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Jon Cleborne, head of Vanguard Europe, commented: “This latest round of equity fund fee cuts will help investors keep more of their returns. It’s part of our ongoing mission to lower the cost and complexity of investing – helping to make money for investors, not from them. We estimate the reduction in the FTSE All-World UCITS ETF alone will save investors $13.7m per year, with total annual savings from today’s changes expected to reach approximately $18.5m.”