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Vanguard reduces management fee for its Australian Government Bond Index ETF
Invest
Vanguard reduces management fee for its Australian Government Bond Index ETF
Vanguard Australia has announced a reduction in the management fee for its Vanguard Australian Government Bond Index ETF (ASX:VGB) by four basis points to 0.16% per annum, effective from Monday.
Vanguard reduces management fee for its Australian Government Bond Index ETF
Vanguard Australia has announced a reduction in the management fee for its Vanguard Australian Government Bond Index ETF (ASX:VGB) by four basis points to 0.16% per annum, effective from Monday.
This fee reduction follows two similar decreases introduced last year for the Vanguard Australian Fixed Income Index ETF (ASX:VAF) and the Vanguard Australian Shares Index ETF (ASX:VAS).
Curt Jacques, Vanguard Australia's Head of Product Offer, said that keeping costs low is an important way for the company to help investors achieve their goals. "Vanguard is focused on delivering value to investors through lower fees, high quality experience and best-in-class investment management," he said.
Over the past decade, Vanguard has achieved more than 40 fee reductions for its Australian investors across its range of products and services.
Mr Jacques noted that this fee change may be beneficial for investors looking to move out of cash holdings and capture low-cost, durable, and resilient yields, with the potential for additional price appreciation as interest rates eventually decline.
"Following the Reserve Bank of Australia keeping rates on hold last week and removing their tightening bias, our outlook for bonds remains positive and we expect interest rates to ultimately settle at levels above those in recent memory," he added.
VGB is currently the largest, most liquid, and most diversified Australian government bond ETF listed on the ASX, providing exposure to high-quality, income-generating bonds issued by the Commonwealth Government of Australia, Australian State Government authorities, and treasury corporations, according to Bloomberg and the ASX Investment Products monthly report for the last 12 months to February 2024.
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