Vanguard lowers management fees
Vanguard has lowered the management fee on one of its ETF offerings.
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Vanguard has lowered the management fee on one of its ETF offerings.
The investment manager has announced the creation of two new divisions and outlined a new structure bringing together its superannuation and non-superannuation businesses.
Vanguard Australia has overhauled its superannuation and Personal Investor businesses, appointing two executives to newly created roles to help lead the merged retail units.
So far, the investment manager has 10,000 members and $500 million in funds under management – tiny by Australian superannuation industry standards.
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