Asset managers are engaged in a never-ending war on fees. tombuerkle
Vanguard on Feb. 26 said it was lowering fees on 39 mutual and exchange-traded funds. The changes will save customers of the money manager roughly $55 million in annual costs.
On the same day, JPMorgan announced at its annual investor day that it was reducing the return-on-equity target for its asset-management business to 25 percent plus from around 35 percent previously.
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