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
When the Securities and Exchange Commission announced earlier this month it was charging a mutual fund adviser, some of its officers, and two independent fund directors ...
Independent mutual fund directors, on average, took home more pay in 2022 than they did the year prior, according to new figures from Management Practice Inc. ...
The Securities and Exchange Commission on Friday said it has charged an investment adviser, its CCO, its fund's president, and two independent fund directors with "aiding ...
William Birdthistle, director of the SEC's Division of Investment Management, delivered keynote remarks at a mutual fund industry conference this morning but failed to address a ...