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Vanguard abandons money-market fee waivers
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fnlondon.comVanguard isn't in the habit of waiving fees temporarily to attract new investors like many of its competitors do. However, in recent years, expense ratio limitations — don't call them "waivers" — for its money-market funds seem to have emerged out of nowhere, with little explanation or fanfare. And now that interest rates have gone up, they've returned to nowhere.
In 2021, when interest rates were almost zero, it cost Vanguard more to operate funds such as Vanguard Municipal Money Market, Vanguard Federal Money Market Fund,...
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