Vanguard Undercuts Socially Responsible Peers
The question was how low would Vanguard go when it unveiled plans for low-cost Social Index fund. Now we know.
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The Vanguard Group has set the price bar even lower than expected for socially responsible mutual funds.
Most observers predicted the bastion of low-cost indexing would set a new low-expense-ratio standard for socially responsible funds when it announced that it would offer Social Index fund with the Calvert Group. Recent filings with federal regulators show that Social Index's cost ratio indeed will be low. Really low.