Vanguard to cut fees ‘to make fixed income more accessible’

Vanguard will dropped fees across its fixed income exchange-traded fund range.

The company said the move “reinforces Vanguard’s commitment to making fixed income investing more accessible”.

The change will come into force on July 1.

Jon Cleborne, head of Vanguard for Europe, commented: “The bond market is now twice the size of the equity market, yet remains opaque and expensive.

“Investors deserve better. At Vanguard, we believe that in investing, you get what you don’t pay for. Costs matter. By reducing fees, we’re helping make fixed income more accessible and transparent. We estimate these changes will save investors.”