Friday
Apr272012
Vanguard crushes costs
Friday, April 27, 2012 at 11:35AM Behold Moore's Law at work with scale:
Expense ratio changes announced for a number of Vanguard funds and ETFs.
The diversification of the S&P 500 now costs only .05% pa in fund expenses! On a percentage basis these reductions are huge. This puts more and more pressure on active managers by increasing the amount of sustainable alpha they need to generate to carry their costs. Conversely, indexing makes more & more sense, but we already knew that, yes?
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costs
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