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Vanguard adjusts TER on 23 Ireland-domiciled funds

BudgetVanguard Asset Management has lowered the total expense ratios (TERs) on 22 mutual and one ETF Ireland-domiciled funds, which managing director for Europe, Tom Rampulla, says is part of a

strategy to broaden the presence in Europe.

Rampulla says these measures will help increase scale and will leverage operating efficiencies so that costs can be kept to a minimum for investors.

The changes will affect euro, dollar, Swiss franc and Japanese yen share classes across a range of equity and fixed income mutual funds.

The changes for the mutual fund range and the Vanguard FTSE Emerging Market ETF will take effect on December 3.

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