A new
“Vanguard has long been recognized as a low-cost leader among mutual fund investors, and we’re bringing that same cost advantage to ETF investors,” said Vanguard Chief Investment Officer Gus Sauter.
Cash flows to the firm’s ETFs have risen 40% this year, and assets have doubled over the past year to $31 billion, which Vanguard attributes to its average ETF expense ratio of 18 basis points, compared to the industry average of 41 basis points.