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Vanguard CEO Provides Perspective on Recent Fee Cuts
Vanguard recently announcement that it has cut fees on certain index products and said the move is driven by its long-term commitment to offer low-cost funds rather than as a response to other firms cutting advisory expenses. That's according to Vanguard CEO Bill McNabb. So reports RIABiz.
The Vanguard announcement comes shortly after BlackRock Inc. shaved 20 basis points off of a handful of its products.
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