The Vanguard Group of Malvern, Pa., will liquidate two of its funds and eliminate a one percent redemption fee on two other funds, the company announced today.

Beginning today, VanguardÂ’s Strategic Equity Fund and Global Equity Fund will no longer carry a one percent redemption fee on shares redeemed within five years of their purchase, Vanguard announced. The fees were established to discourage short-term trading and market timing, but that has not been a problem in either fund, according to Vanguard.

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