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:
TSX ticker symbol
New annual management fee
Old annual management fee
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.