The low-cost provider is less likely to jump into the fast-growing active space than it is to muscle into select index categories for growth.

Vanguard Group Inc.’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice. Follow suit and lose potentially hundreds of millions in revenue — or hold the line and risk losing badly needed market share.

The asset manager says the move at 87 funds will save investors $350 million this year.

Even if they don’t cut fees, active managers need to determine whether prices are still fair and that their funds offer something that can’t be replaced with passive.

Vanguard just announced its largest fee cut in the asset manager's history, which is great news for investors. Here's what you need to know.

Vanguard Group Inc.’s biggest salvo yet in its campaign to cut fees for the investing masses presents industry rivals with a painful choice. Follow suit and lose potentially hundreds of millions in revenue — or hold the line and risk losing badly needed market share.

Vanguard announced on Monday that it has reduced management fees for 87 exchange-traded funds and mutual funds. This move is the largest fee cut in the company’s nearly 50-year history. The firm estimates that this decision will save investors $350 million in 2025 alone.