Cost to access Vanguard FTSE Emerging Market ETF lowers from 0.45% to 0.29% ....
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Tom Rampulla, managing director for Vanguard in Europe
As part of its on-going commitment to lower costs for investors, Vanguard Investments Switzerland GmbH (‘Vanguard’) has today announced reductions to the Total Expense Ratios (TERs) on 22 Irish-domiciled mutual funds. These changes will affect the EUR, USD, CHF and JPY share classes across a range of equity and fixed income mutual funds (see notes to editors). In addition, the TER for the Vanguard FTSE Emerging Market ETF, (which is listed on the London Stock Exchange, SIX Swiss Exchange and NYSE Euronext Paris and Amsterdam) will be reduced from 0.45% to 0.29%.
The changes for the mutual fund range and Vanguard FTSE Emerging Market ETF will take effect from the 3 December, 2013.
Tom Rampulla, managing director for Vanguard in Europe commented: “We continually seek to reduce expenses and improve service in an effort to enhance our overall value proposition to clients and give them a better chance for investment success. As we broaden our presence in Europe, we will use our increasing scale and leverage operating efficiencies to keep costs to a minimum for investors.”
As of 31 October, 2013 Vanguard held US $67.7 billion in total European assets under management (AUM) and recently its ETF range surpassed US $3.0 billion in assets representing investors’ appetite for low cost, high quality funds.
Rampulla added: “Vanguard believes in providing investors with the highest value investments through a comprehensive product offering, whether it is Vanguard mutual funds or ETFs. The growth of the European business reflects investors’ confidence in our range of funds’ which are low cost and high quality.”
Source: ETFWorld.co.uk – Vanguard Asset Management
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