Vanguard Cuts ETF Expense Ratios in Waves

It’s getting pretty nasty out there. The so-called ‘fee war’ is heating up to a boiling point as various fund managers and brokerage houses compete to lower expenses for investors and gain market share. Just after Schwab and Fidelity duked it out over brokerage commission costs, the latest campaign in the fee war comes from the pioneer of low-cost investing. And when John Bogle and Vanguard speak, the investment community listens.