Vanguard lowers fee on on Canadian fixed income ETF

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 Tuesday, the management fee will be reduced as follows:

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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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.