[新聞] 先鋒調低VEA費用至0.12%
1.原文連結：
http://goo.gl/zGVcZ
2.內容：
Vanguard Cuts Expense Ratio On VEA
By Olivier Ludwig | April 28, 2011
Vanguard Group, the Valley Forge, Pa.-based firm that launched the first
index mutual fund, in 1976, cut by 20 percent the expense ratio on its
popular equity ETF that canvasses the developed world outside of North
America, fortifying its place as the cheapest in class.
As of the start of this year, the Vanguard MSCI EAFE ETF (NYSEArca: VEA) now
costs investors 0.12 percent a year from 0.15 percent prior. That’s about a
third less than its direct competitor, the iShares MSCI EAFE Index Fund
(NYSEArca: EFA). It’s also less than the Schwab International Equity ETF
(NYSEArca: SCHF), which has an annual expense ratio of 0.13 percent. However,
the Schwab fund isn’t an exact competitor to Vanguard’s VEA and iShares’
EFA, as it includes Canadian companies.
While Vanguard and Schwab are widely considered to be in something of a price
war in terms of ETF expense ratios, iShares has never explicitly signed on to
such a challenge, even though its huge developing market ETF, the iShares
MSCI Emerging Market Index Fund (NYSEArca: EEM), was surpassed by the
Vanguard MSCI Emerging Markets ETF (NYSEArca: VWO), in part because it’s the
cheaper of the two.
VWO now costs 0.22 percent after Vanguard cut the price of the ETF effective
this year, compared with the 0.69 percent price tag on EEM, which also
reflected a price cut that was effective Jan. 1.
Broader iShares Vulnerability?
Some ETF industry sources have wondered if other well-established iShares
funds—including EFA—were vulnerable to the same fate as EEM.
As it stands, iShares’ EFA has more than $40 billion in assets, while
Vanguard’s VEA has a bit more than $6 billion.
These sources have also wondered if the iShares Barclays Aggregate Bond Fund
(NYSEArca: AGG) was also vulnerable to a loss of market share. AGG competes
head-to-head with the Vanguard Total Bond Market ETF (NYSEArca: BND).
iShares’ AGG has almost $11 billion in assets and costs investors 0.24
percent, while BND has almost $9.5 billion in assets, but costs investors
half as much as AGG.
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先鋒果然有誠意 一天到晚在調低費用
VEA終於比SCHF低了（雖然少了加拿大這一塊）
VWO/BND也都費用很低
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