Vanguard Investments Australia has lowered fees for seven of its wholesale funds, saying a growth in funds under management had driven efficiencies in the funds.
The investment manager lowered the fee for the Australian Fixed Interest Index Fund from 0.29 per cent to 0.24 per cent.
The fee for the International Fixed Interest Index Fund Hedged was lowered from 0.34 per cent to 0.26 per cent.
The Australian Shares Index Fund fee was dropped from 0.34 per cent to 0.18 per cent.
The fee for the International Shares Index Fund was cut from 0.36 per cent to 0.18 per cent.
Vanguard lowered the fee for the International Shares Index Fund hedged in Australian dollars from 0.39 per cent to 0.21 per cent and hedged in New Zealand dollars from 0.39 per cent to 0.31 per cent.
Australian Property Securities Index Fund fees were adjusted to 0.24 per cent from 0.34 per cent.
