fee-cost-dollar-signs

Vanguard Investments Canada Inc. has announced that it has lowered the management fee on one of its largest fixed income ETFs by four basis points from 0.12% to 0.08%.

“As we have recently seen, fixed income ETFs can play a key role as a stabilizing force in a portfolio, particularly during times of stock market volatility, and we are pleased investors will receive a fee reduction in one of our largest ETFs,” says Atul Tiwari, managing director for Vanguard Investments Canada Inc.

Effective on Tuesdaythe management fee will be reduced as follows:

Vanguard ETF

TSX ticker symbol

New annual management fee

Old annual management fee

Vanguard Canadian Aggregate Bond Index ETF

VAB

0.08%

0.12%

The Vanguard Canadian Aggregate Bond Index ETF (TSX: VAB) seeks to track the performance of a broad Canadian bond index, currently the Bloomberg Barclays Global Aggregate Canadian Float Adjusted Bond Index. It invests primarily in public, investment-grade fixed income securities issued in Canada.

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Originally published on Advisor.ca
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