Vanguard Group made history by significantly reducing fees for many of its mutual funds and ETFs, which is expected to disrupt the asset management sector. Founded by Jack Bogle, the investment company is cutting costs for 168 share classes in 87 funds and ETFs without delay. This move has brought Vanguard’s average asset-weighted fee down to 0.07% for its $10 trillion in assets, far below the industry average of 0.44%. The magnitude of these fee reductions is unprecedented and is likely to have a significant impact on the financial industry.
https://www.bloomberg.com/news/articles/2025-02-03/vanguard-s-average-fee-is-now-just-0-07-after-biggest-ever-cut