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Rating:Vanguard Doubles a Fee for One Fund Not Rated 5.0 Email Routing List Email & Route  Print Print
Monday, November 02, 2009

Vanguard Doubles a Fee for One Fund

News summary by MFWire's editors

Vangaurd Group has increased the purchase fee of its Emerging Markets Stock Index Fund, an international fund that tracks the long term return of the MSCI Emerging Markets Index , from 25 to 50 basis points. The fund holds $11.9 billion assets under management.

According to the SEC filing, the fee hike is a reaction to the stock-buying tax imposed by the Brazilian government on October 20. Brazil now charges a two percent tax on equities purchased by foriegn investors.

The Emerging Markets Fund, which invests in many international markets -- such as Russia, China, Korea and Taiwan -- gained 67 percent this year through Friday. 16 percent of its assets were invested in Brazilian stocks as of Sept. 30, Bloomberg reported

Edited by: Daniel Tovrov


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