Vanguard Investments has announced it has made a further reduction to the cost of its international shares exchange traded fund, which trades under the code VEU on the Australian Securities Exchange (ASX).
Vanguard head of product and marketing Robyn Laidlaw said the expense ratio reduction reflects the company's investment cost philosophy.
"Keeping investment costs low for investors is at the heart of Vanguard's investment approach," she said.
"This represents a big difference between Vanguard and some competitors in the investment management industry because low costs are not a marketing ploy - our expense ratios are not driven up or down based on market share goals or revenue targets.
"This fee reduction is a function of Vanguard mutual corporate structure in the US, which allows economies-of-scale savings to be passed along to our investors in the form of lower expense ratios as fund assets grow," she added.
The VEU All-World ex-US Shares Index Exchange Traded Fund began trading on the ASX in May 2009, and its management expense ratio has declined by 10 basis points since then.
