Vanguard has reduced fees across its Exchange Traded Fund (ETF) and mutual fund ranges, lowering charges on twenty-nine funds available to Swiss investors.
The fee reductions are driven by Vanguard's commitment to give investors the value for money they deserve.
Vanguard has reduced fees on eleven ETFs and eighteen index funds. Vanguard's full line-up in Switzerland, including ETFs, index funds and, its actively managed fund range, now has an average ongoing charges figure (OCF) of 0.20%. Its index mutual fund line-up in Switzerland now carries an average OCF of 0.16%, and the ETF index line-up has an average OCF of 0.13%.
Sean Hagerty, head of Vanguard in Europe, commented: "For too long, investors have been poorly served with high-cost, complex investments. Since 1975, Vanguard has led the way in giving investors a fair deal through good-value, straight-forward and high-quality investments. However, more work needs to be done to ensure investors understand the impact of costs on investment returns.
There is still a misconception that the more you pay for an investment, the better it performs. In reality, costs really impact the returns investor make - every Franc paid in fees is a Franc off investors' returns. Investors cannot control the markets, but they can control the fees they pay."
This article was first published by Investment Europe, a sister title to International Investment.