Jeff DeMaso on Vanguard’s Lowered Investment Threshold | Money Life with Chuck Jaffe

Jeff DeMaso on Vanguard’s Lowered Investment Threshold

Jeff DeMaso, Adviser Investments’ director of research, joins Money Life with Chuck Jaffe to discuss Vanguard’s recent decision to reduce the minimum investment requirement on 38 of its index mutual funds from $10,000 to $3,000. Vanguard made this change after Fidelity Investments’ August introduction of zero-management-fee index funds. Jeff notes, “It’s clearly Vanguard responding to Fidelity. They certainly are saving investors money. That’s a great story, and we can all applaud that. But I really think this is Vanguard a little bit defending their turf when it comes to being low-fee and for the average investor.”

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