Vanguard has lowered the fees charged by a popular emerging market exchange traded fund as well as five other ETFs.

Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO) had its expense ratio reduced to 0.20% from 0.22%, Index Universe reports. The move follows a fee cut earlier this year from rival iShares MSCI Emerging Markets (NYSEArca: EEM), which has an expense ratio of 0.67%.

The iShares fund holds $40.6 billion in assets, while the Vanguard ETF holds $54.6 billion, according to Morningstar.

“Given the growth of our ETFs over the past year, we’re delivering additional cost savings,” Vanguard spokesman John Woerth told Index Universe.

The other Vanguard ETFs that had their fees cut this week are: Vanguard Total World Stock ETF (NYSEArca: VT), Vanguard FTSE All-World ex-US ETF (NYSEArca: VEU), Vanguard FTSE All-World ex-US Small Cap ETF (NYSEArca: VSS), Vanguard Total International Stock ETF (NYSEArca: VXUS) and Vanguard High Dividend Yield ETF (NYSEArca: VYM), according to the report.

Vanguard MSCI Emerging Markets ETF

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