Fee reductions of Vanguard Australia funds

Vanguard, Vanguard Australia, Vanguard fund, funds management, SMSF, Superannuation, self-managed super fund, Evan Reedman

Vanguard Australia has announced it will reduce the fees on five of its diversified wholesale funds while also reassessing each fund's asset allocation.

The changes are part of an ongoing process to ensure the funds are best suited to help clients reach their goals, said Vanguard Australia head of product and marketing Evan Reedman.

“Our diversified funds are one of our core product offerings, allowing investors to access several of our high-quality index funds in a single transaction. They represent both Vanguard’s commitment to low cost and our disciplined and sophisticated investment processes,” Mr Reedman said.

“These changes are part of a consistent evaluation of our funds to see where we can make improvements and how we can ensure they continue to best serve our clients.”

The affected funds are Vanguard’s Conservative Index Fund, Vanguard Balanced Index Fund, Vanguard Growth Index Fund, High Growth Index Fund and Diversified Bond Fund.

All five funds will see their management expense ratio reduced to 0.29 per cent and a revised asset allocation introduced from 1 July 2017, the company said.

“Vanguard regularly reviews its full range of funds to see where we can use efficiencies of scale to bring the cost of investing down for our clients,” Mr Reedman said.

“This means they get to keep a higher share of their returns, which ultimately helps them in realising their investment goals.”

Promoted Content
Recommended by Spike Native Network
MORE FROM NEST EGG
Australian economy, interest rates, Reserve Bank of Australia, Guy Debelle, RBA, Australian interest rate, Australian Dollar, AMP Capital, Shane Oliver, US Federal Reserve, neutral rate of interest
Jul 24 2017
Where are Australian interest rates heading?
Recent remarks from the Reserve Bank of Australia have led some investors to believe a round of quar...
Investment management, wealth management, retirement savings, retirement planning, retirement management, investing for retirement, domestic equities, financial year, good returns,
Jul 24 2017
Three indicators of good returns for this financial year
Global market growth looks sustainable despite equity markets hitting all-time highs, according to a...
Treasury, open banking, open data, bank competition, bank customers, retirement planning, retirement management, retirement savings, wealth management
Jul 24 2017
Treasury looks at open data to improve bank competition
The Australian federal government has said it will investigate how an ‘open banking framework’ c...