Date: 5th October 2016
Author:
Type: In the news
Some of the biggest passive funds providers have announced that they will cut the fees for some products. The price war among trackers determined Blackrock to reduce prices on five funds, with four of them reducing the costs by at least 50 per cent.
Vanguard also decided to remove some of their costs, namely the upfront costs on its five LifeStarategy funds.
Adam Laird, head of passive investments at Hargreaves Lansdown, considers that the cuts prove that providers are fighting for position in the rapidly growing market of Tracker funds.
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