The next leg of the price war toward 0% fees for investors has begun to unfold in the growing world of exchange-traded funds. The Vanguard Group, the world’s second-largest asset manager, this week slashed the cost of investing in its funds,

Asset manager Vanguard said on Monday it was lowering the cost of investing across its fund lineup in its largest cut ever and estimated that this would translate into savings of more than $350 million for its investors this year.

Vanguard just announced its largest fee cut in the asset manager's history, which is great news for investors. Here's what you need to know.

Vanguard on Monday announced reductions to the management fees of 87 investment funds, reportedly the largest such cuts in company history.

Vanguard Group has cut fees on 87 of its 428 investment funds. The Malvern, Pennsylvania-based investment giant says the reductions will save some of the company’s more than 50 million stock and bond fund investors a total of more than $350 million this year,

Key Takeaways The Vanguard Group on Monday announced the largest management fee cuts in its history.The move will reduce the cost of putting money in 87 exchange-traded funds and mutual funds, Vanguard said.

Vanguard announced on Monday that it has reduced management fees for 87 exchange-traded funds and mutual funds. This move is the largest fee cut in the company’s nearly 50-year history. The firm estimates that this decision will save investors $350 million in 2025 alone.