Vanguard Cuts ETF Fees as Race-to-Zero With BlackRock Heats Up
- Fees lowered on emerging market and European stock ETFs
- Move follows expense reductions by BlackRock, State Street
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The race to cut fees in exchange-traded funds is getting ever more intense.
Vanguard Group Inc., the second-largest provider, lowered expense ratios for 68 ETFs and mutual funds Friday, including the world’s largest funds focused on emerging equities and European stocks. It’s the third set of reductions by Vanguard since late December, and comes after similar moves in the past year by State Street Corp. and the biggest ETF provider, BlackRock Inc.