FYI: Just when you thought ETF expenses couldn’t go any lower, Malvern-based investment giant Vanguard has slashed expense ratios on 15 S&P and Russell index-based ETFs, according to its latest annual reports.
While assets in the 15 ETFs grew over the funds’ fiscal year, which ended Aug. 31, expenses fell. Some of the annual expenses dropped by hundredths of one percentage point, known as basis points.
For example, the S&P Smallcap 600 ETF’s expense ratio — the amount investors pay Vanguard annually to manage the fund — fell from 0.15% of assets to 0.10% in the latest year. Assets in the fund fell from $1.1 billion to $991 million.
Regards,
Ted
https://www.inquirer.com/business/vanguard-schwab-fidelity-etf-fee-war-20191107.html?mod=article_inline
