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  • Vanguard slashes fees; expects its investors will save $350 million in 2025


    (Reuters) – Asset manager Vanguard said on Monday it was lowering the cost of investing across its fund lineup in its largest cut ever and estimated that this would translate into savings of more than $350 million for its investors this year.

    Valley Forge, Pennsylvania-based Vanguard slashed the expense ratio, or the cost of owning a mutual fund or exchange-traded fund, between one and six basis points across 87 of its funds, effective Feb. 1.

    The fee cut will lower costs across its bond mutual funds, ETFs, U.S. equity, international equity and money market funds.

    “The reductions will save Vanguard’s investors more than $350 million in 2025 alone, the largest annual expense ratio reduction in Vanguard’s nearly 50-year history,” the company said.

    “Lower fees mean fund investors can keep more of their returns and a competitive edge for our funds,” said Greg Davis, Vanguard’s chief investment officer.

    Chief Executive Officer Salim Ramji, who took over the mantle in July, laid out plans last year to expand the firm’s fixed-income offering, given the market’s size and opportunities.

    “Lower costs enable investors to keep more of their returns, and those savings compound over time,” Ramji said.

    Bonds were poised to play a crucial role in investors’ portfolios, according to Davis.

    Founded by Jack Bogle in 1975, the company has about $10.4 trillion in assets under management as of Nov. 30, 2024.

    Vanguard and larger rival BlackRock are the world’s largest providers of ETFs – low-cost products aimed at retail investors looking for an inexpensive way to invest in the biggest global markets.

    Vanguard offered 428 funds worldwide as of Dec. 31, 2024, with 212 of these in the United States.

    It has lowered investing costs more than 2,000 times since its founding, the company said.

    (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Pooja Desai)



    Vanguard, one of the world’s largest investment management companies, has announced that it will be slashing fees on its funds in an effort to save its investors an estimated $350 million by 2025.

    This move comes as part of Vanguard’s ongoing commitment to providing low-cost investment options for its clients. The company has long been known for its low fees compared to other investment firms, and this latest fee reduction is expected to further benefit Vanguard’s investors.

    By lowering fees, Vanguard hopes to help its clients achieve their financial goals more efficiently and effectively. The $350 million in savings over the next few years is expected to make a significant impact on investors’ portfolios and overall financial well-being.

    Vanguard’s decision to reduce fees demonstrates its dedication to putting investors first and providing them with the best possible investment options. This move is sure to be welcomed by Vanguard clients who are always looking for ways to maximize their returns and minimize their costs.

    Tags:

    1. Vanguard
    2. Fee reduction
    3. Cost savings
    4. Investment fees
    5. Financial news
    6. Vanguard investment
    7. Expense ratio
    8. Investor savings
    9. Mutual funds
    10. Financial planning

    #Vanguard #slashes #fees #expects #investors #save #million

  • Tesla Slashes Lease Price On Model 3 And Cybertruck


    Tesla cut U.S. lease prices on the Model 3 and Cybertruck on Friday, a tactic it has increasingly resorted to move vehicles as more customers opt for leases.

    Here’s what Tesla did on Friday (hat tip to Sawyer Merritt):

    • Model 3 Long Range RWD: $249/month from $299/month
    • Model 3 Long Range AWD: $349/month from $399/month
    • Model 3 Performance: $599/month (no change)
    • AWD Cybertruck: $749/month from $899/month

    All the Model 3 leases are $2,999 down, 36 months, 10,000 miles. The Cybertruck is $7,500 down, 36 months, 10,000 miles. Downpayment, term, and miles are all the same as before the cut.

    All the leases above are eligible for the $7,500 federal EV credit. Leases don’t have the same stringent requirements for the credit that purchases do, according to Stephanie Brinley, an analyst at S&P Global Mobility. The $7,500 is applied over the term of the lease to reduce monthly payments.

    “The purchase credit requires North American assembly, increasing levels of regionally or locally-sourced components and raw materials, and has vehicle pricing and buyer income limits,” she said. “The leasing tax credit has none of those limits; the credit goes to the lending agency, which has so far passed the effect on to the consumer, though the regulation does not specifically say that they must,” Brinley said.

    EV leasing explodes

    The leasing credit has become increasingly important to consumers as EV leasing explodes. Nearly half (46%) of new EVs are leased, according to Experian. “That makes leasing the most popular option for EV drivers,” Experian said in November.



    Tesla has announced a major price cut on its popular Model 3 sedan and upcoming Cybertruck, making it more affordable for customers to lease these electric vehicles. The new lease prices are sure to attract more drivers to the world of sustainable transportation.

    With the Model 3 now starting at a lower monthly lease rate, more drivers can experience the luxury and performance that Tesla has to offer. Additionally, the highly anticipated Cybertruck will also be available for lease at a discounted price, making it easier for customers to get their hands on this futuristic electric pickup truck.

    Tesla’s commitment to making electric vehicles more accessible is evident in these price cuts. By offering competitive lease rates on its vehicles, Tesla is making it easier for drivers to transition to clean, renewable transportation options.

    If you’ve been considering making the switch to an electric vehicle, now is the perfect time to take advantage of Tesla’s lowered lease prices on the Model 3 and Cybertruck. Don’t miss out on this opportunity to drive a cutting-edge, environmentally friendly vehicle at a more affordable price.

    Tags:

    Tesla, Model 3, Cybertruck, lease price, price slash, electric vehicles, Tesla news, car leasing, Tesla deals

    #Tesla #Slashes #Lease #Price #Model #Cybertruck

  • UBS Slashes Holiday Quarter Projections

    UBS Slashes Holiday Quarter Projections


    UBS analysts maintained a “neutral” rating on Apple (AAPL, Financial) and maintained an unchanged price target of $236, saying that iPhone sales were now in line with expectations. It comes after November sell-through for iPhones dropped more than 8% year on year to lower forecasts for iPhone sales in the December quarter.

    iPhone unit estimates were lowered to 77 million from 82 million and revenue to $67.2 billion from $69.7 billion. The move represents a 4 percent year-over-year revenue decline versus former expectations of flat growth. The analysts now expect total December quarter revenue of $120.8 billion, down 2% from the prior estimate of $123.3 billion and short of the consensus of $124.9 billion. The consensus earnings per share forecast for the quarter was also cut to $2.36 from $2.31, and the EPS came in at $2.25, which is a $2.36 estimate.

    Soft in iPhone sales dampens hopes that are normally at their highest this season. However, a near 1% downward revision of gross revenue is offset by robust App Store performance, which pushes services revenue by 1%.

    The challenges notwithstanding, Apple’s fundamentals are strong, with a gross profit margin of 46.2 percent and trailing 12-month revenue growth of 2%. Wedbush Securities remains optimistic about Apple’s long-term performance, given advances in artificial intelligence.

    Apple is currently trading at a lofty $3.79 trillion valuation, which is stretched out clearly, but with a diversified and smarter portfolio, coupled with strategic moves such as AI and global partnerships, perhaps the US tech giant could become better suited for bearing the beatings of the fast-changing tech world.

    This article first appeared on GuruFocus.



    UBS, one of the world’s largest financial institutions, has recently announced that it is significantly lowering its projections for the upcoming holiday quarter. The Swiss bank cited a variety of factors, including ongoing supply chain disruptions, labor shortages, and rising inflation, as contributing to a more challenging economic environment.

    The revised projections from UBS are expected to have a ripple effect across global markets, with many investors closely monitoring the situation. The news comes at a time when concerns about the state of the global economy are already running high, with many experts warning of potential downturns in the coming months.

    As we head into the holiday season, businesses and consumers alike will need to be prepared for a potentially more challenging economic landscape. Stay tuned for further updates on this developing story.

    Tags:

    UBS, holiday quarter, projections, financial forecast, market analysis, investment banking, economic outlook, global trends, business news, stock market, financial services, wealth management

    #UBS #Slashes #Holiday #Quarter #Projections

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