Vanguard Group has trimmed the fees on a handful of ETFs in the latest round of cost cutting on a number of products to gain an edge on competitors as an increasing number of investors look to cheap investment options.

According to new regulatory filings, Vanguard Group cut the expense ratio on the Vanguard Total Bond Market ETF (NasdaqGM: BND), Vanguard FTSE All-World ex-US (NYSEArca: VEU), Vanguard FTSE Europe ETF (NYSEArca: VGK), Vanguard FTSE Pacific ETF (NYSEArca: VPL), Vanguard Tax-Exempt Bond ETF (NYSEArca: VTEB), Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO) and Vanguard Total International Stock ETF (NASDAQ: VXUS), the Wall Street Journal reports.

“A broader and broader base of investors are using ETFs, and that’s pushing more assets into these funds,” Rich Powers, head of ETF product management at Vanguard, told the WSJ, adding that as the funds grow, economies of scale allow Vanguard to pass savings along to investors.

Vanguard’s cost-cutting initiatives are the latest in an escalating fee war among ETF providers as fund sponsors find that the cheapest investment options have typically attracted the most investor money over recent years.

More potential ETF fee cuts

Looking ahead, regulatory filings over the next week on eight other Vanguard ETFs, with a total of almost $440 billion in assets, could also show additional fee cuts.

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