Bloomberg Talks
Vanguard CEO Salim Ramji Talks Company Fee Change
Feb 6, 2025
Salim Ramji, the CEO of Vanguard known for pioneering low-cost investment strategies, dives into the company's recent decision to reduce average fees. He discusses the importance of sharing economies of scale with investors and historical trends in fee reductions. Ramji also contrasts active and index management, explaining how lower fees can boost performance. He highlights Vanguard's commitment to reinvesting savings into technology and growth, while maintaining client satisfaction in an evolving market.
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Quick takeaways
- Vanguard's decision to reduce average fees to seven basis points reflects their commitment to providing competitive pricing alongside high-quality investment management.
- The company emphasizes balancing fee reductions with investments in technology and services to enhance client experiences and improve fund performance.
Deep dives
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