FYI: Vanguard, which kicked off a price war when it brought its passive investment products to the U.K. nine years ago, has now cut fees for its U.K. active fund range, too.
The $5.1t trillion U.S. asset manager is known primarily for its cheap index-tracking funds, especially in Europe. But the latest move reflects a push to build appetite on this side of the Atlantic for its actively managed funds, many of which are run under license by firms such as Wellington Management and Baillie Gifford.
Around $1 trillion of Vanguard’s assets are in active funds, and the group has five on sale in the U.K. It is cutting fees on four of them, it said in a statement on June 19.
Regards,
Ted
https://www.barrons.com/articles/vanguard-slashes-active-mutual-fund-fees-51560958000?mod=djem_b_Weekly barrons_daily_newsletter
