Re: NEWSFLASH: fees will go down on these 3 funds
Posted: Thu Oct 31, 2019 4:36 am
Here is information on why fees are going down:
"The cut is part of an ongoing race among index fund and ETF providers to offer investors products with the lowest possible fees.
In the US, this so-called “fee war” has led to some providers offering investors index trackers and ETFs with zero management fees and, in one case, a temporary negative fee, meaning investors are paid to invest.
Vanguard, however, has long placed emphasis on reducing fees, with the company’s late founder Jack Bogle regularly arguing that the best predictor of investment returns was the amount of fees paid."
"The cut is part of an ongoing race among index fund and ETF providers to offer investors products with the lowest possible fees.
In the US, this so-called “fee war” has led to some providers offering investors index trackers and ETFs with zero management fees and, in one case, a temporary negative fee, meaning investors are paid to invest.
Vanguard, however, has long placed emphasis on reducing fees, with the company’s late founder Jack Bogle regularly arguing that the best predictor of investment returns was the amount of fees paid."