And the hits just keep on coming.
Vanguard has announced fee cuts on five ETFs, according to
Tom Lydon at ETF Trends.
The cuts in question were:
the Vanguard FTSE Emerging Markets ETF (NYSEArca: VWO), down 3 bps to 15 basis points
the Vanguard FTSE All World ex-US Small-Cap ETF (NYSEArca: VSS), down 5 bps to 2 basis points
the Vanguard Global ex-U.S. Real Estate ETF (NYSEArca:VNQI), down 5 bps to 27 basis points
the Vanguard Total International Stock ETF (NYSEArca: VXUS), down 2 bps to 14 basis points
the Vanguard Total World Stock ETF (NYSEArca: VT), down one basis point to 18 bps.
Lydon cites an interesting little tidbit from the company's statement on the fee cuts:
In addition, Vanguard operates a ‘tight ship.’ We spend modest amounts on marketing relative to competitors, do not pay third parties to distribute our funds, and negotiate favorable fee arrangements with our external investment advisors and benchmark providers, all of which result in significant cost savings for our clients over the long term,” said Vanguard in the statement.
Here's to tight ships in the mutual fund industry. 
Edited by:
Tommy Fernandez
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