This move expands Vanguard's commission-free platform that already included mutual funds since 1977 and nearly ever ETF in the industry since 2018, according to Vanguard.
. Bogle started Vanguard in 1975 under the name First Index Investment Trust and retired as Vanguard's chairman and CEO in 1996. He believed in outperforming competition by offering low-cost investing.
Given its history, Vanguards announcement on Thursday is unsurprising as lowering the cost of investing is "business as usual for Vanguard," said Karin Risi, managing director of Vanguard's retail investor group, in the release. "For 45 years, we've been dedicated to lowering the cost of index and active funds, ETFs, advice, and brokerage services to help investors achieve better outcomes," Risi said.
As the investment industry continues to move towards eliminating fees, Vanguard said it encourages investors to "look beyond commissions and consider the all-in cost of their brokerage relationships, including fees, expenses, and opportunity costs." In addition to eliminating stock commissions, Vanguard also announced that it has updated its online experience and redesigned its mobile app.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Illinois governor pardons more than 11,000 people for low-level pot offensesThe governor of Illinois pardoned more than 11,000 people for low-level marijuana convictions one day before a sweeping law makes cannabis legal in the state for people 21 and older
Leer más »
Singapore posts decade-low growth as trade war bruises outputSingapore's economy expanded at its slowest pace in a decade last year as i...
Leer más »
Fund giant Vanguard is the latest brokerage to slash trading fees to zero - Business InsiderThe move brings Vanguard in line with industry peers Fidelity, Charles Schwab, and E*Trade, which all slashed their commission fees in fall 2019.
Leer más »
Brazil's stock exchange operator B3 reduces, simplifies trading feesBrazilian financial exchange operator B3 said on Thursday it is reducing and sim...
Leer más »
One energy stock is flashing a bullish signal into new yearEnergy stocks are joining in on the rally to begin the new year after trailing in 2019. One looks especially primed to break out.
Leer más »