The world’s second-largest asset manager has slashed the cost of fund investing, in a record move that is expected to save investors more than $350 million this year alone.

Vanguard Group Inc., the world's second-largest ETF issuer, is making what it says is its biggest fee cuts in the company's 50-year history, trimming the expense ratios of dozens of mutual fund and ETF share classes that it claims will save investors more than $350 million in 2025.

Vanguard, the world’s second-largest ETF issuer, recently announced its largest fee cuts in its 50-year history. The company has reduced fees