In the Margins
Vanguard Group CEO Bill McNabb said the cost of investing will keep falling as more money shifts to passive investments, and competition across the industry drives prices lower. Investors pay an average of 12 cents per $100 for Vanguard’s mutual funds and exchange-traded funds, he said, predicting it could fall below 10 cents in five years. Read the original story from Bloomberg.
Most Read
Mutual fund boards can continue conducting business—including voting on contract approvals and renewals and other important matters—virtually through the end of 2020, according to the Securities ...
Mutual fund boards seem well on their way to mastering the art of conducting business virtually, but one area that may still be a challenge during ...
A majority of independent mutual fund directors did not see a significant increase in compensation last year, particularly if they served on one of the largest ...
The world has been turned upside down in the past two months, and it remains unclear if things will ever go back to what we considered ...