Management fees shrink at Vanguard

Toronto-based Vanguard Investments Canada Inc. has lowered the management fees on 11 of its Canadian exchange-traded funds (ETFs). The firm’s asset-weighted average management fee has dropped to 0.14% from 0.19%. Management fees for Vanguard’s ETFs now start at 0.05%, and new management expense ratios will be recalculated at the end of the year, as per regulations. The firm now manages almost $3 billion in ETF assets. For a complete list of the new Vanguard ETF management fees, visit www.vanguardcanada.ca.

(cohara@investmentexecutive.com).