Industry watchers are stunned that
At Vanguard, assets now stand at $1 trillion, down from $1.3 trillion at the end of 2007.
Its a testament to the market environment that even a fund family [like Vanguard] thats been taking in new money has seen its assets decline so much that it has to raise its expense ratios, said Dan Culloton, associate director of fund analysis at
Anecdotally, we are seeing expense ratios go up at other fund firms for similar reasons, Culloton added.