MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, November 2, 2009 Vanguard Doubles a Fee for One Fund 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. Printed from: MFWire.com/story.asp?s=23121 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |