Vanguard Upends the World’s Costliest Market for Equity Funds

The Vanguard effect is coming for the Canadian mutual fund industry, which charges the highest fees in the world to manage equities. Vanguard Investments Canada Inc., known for its bargain-basement fees on exchange traded funds, is launching its first suite of mutual funds with a maximum management fee of 0.5 percent. That compares with a…

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