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Vanguard Cuts Bond ETF Fees After Aggressive State Street Move

  • Fees on eight bond ETFs lowered one basis point to 0.04%
  • ETF space is ‘brutally competitive’ for fund issuers: Geraci

Vanguard lowered costs on 17 funds even closer to zero on Friday, countering a similar cut from State Street Global Advisors just two weeks prior. 

The Malvern, Pennsylvania-based issuer dropped the expense ratio to 0.04% from 0.05% for 8 of its fixed-income funds, matching the freshly-lowered fees on three of State Street’s corporate bond exchange-traded funds. Vanguard is also lowering costs across its lineup of equity ETFs and mutual funds, according to a statement