Vanguard has announced the largest fee cut in its history, and the money manager says the move will save clients $350 million this year. Fees on 87 different funds were reduced an average of 20%; ...

Key Takeaways The Vanguard Group on Monday announced the largest management fee cuts in its history.The move will reduce the ...

The asset manager says the move at 87 funds will save investors $350 million this year.

The company’s sweeping expense ratio cuts for dozens of funds may pressure other asset managers to lower their costs too.

The cuts mean Vanguard’s average asset-weighted fee is now just 0.07% for its $10 trillion under management, compared with 0.44% for the rest of the industry. The reduction is the largest Vanguard has ...

The move reduces fees on 87 different funds, and 168 total share classes of those funds. The average fee cut is 20% per share ...

Valley Forge, Pennsylvania-based Vanguard slashed the expense ratio, or the cost of owning a mutual fund or exchange-traded ...

FILE PHOTO: Federal Reserve Bank of Boston President Susan Collins stands behind the Jackson Lake Lodge in Jackson Hole, ...

Vanguard on Monday announced reductions to the management fees of 87 investment funds, reportedly the largest such cuts in ...

Vanguard has announced the broadest round of fee cuts in its 50-year history. It reduced the expense ratios on a total of 168 ...