Exchange traded fund investors are winning in the ongoing fee war that has slashed expense ratios in a number of ETF options.
The latest round comes from Vanguard as the money manager lowers costs on 68 mutual funds and ETF shares, which represents a cumulative $143 million in savings across 124 fund shares reported for the past three months.
“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,” Vanguard CEO Bill McNabb said in a note. “The new fronts in the fee war are active management and advice. Again, investors will ultimately win.”
Vanguard ETFs that were included in the latest round of cost adjustments include:
– Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) down one basis point to 0.14%.
– Vanguard FTSE Europe ETF (NYSEArca: VGK) down two basis points to 0.10%.
– Vanguard FTSE All-World ex-US Index Fund (NYSEArca: VEU) down two basis points to 0.11%.
– Vanguard FTSE All-World ex-US Small-Cap ETF (NYSEArca: VSS) down four basis points to 0.13%.
– Vanguard Global ex-U.S. Real Estate ETF (NasdaqGM: VNQI) down three basis points to 0.15%.
– Vanguard High Dividend Yield Index Fund (NYSEArca: VYM) down one basis point to 0.08%.
– Vanguard FTSE Pacific ETF (NYSEArca: VPL) down two basis points to 0.10%.