The fee cuts are the largest annual expense ratio reduction in the firm’s 50-year history – and the first major announcement from newly appointed CEO Salim Ramji.
Vanguard announced Monday fee reductions on 168 share classes across 87 investment funds—in what the firm called its largest fee cut to date. The firm projects that the fee reductions are expected to ...
The president said the fund could be used to help keep TikTok operating. The asset manager says the move at 87 funds will save investors $350 million this year.