Vanguard widens access to lowest-cost fund class

10/7/2010

BOSTON — Vanguard is expanding access to its lowest-cost mutual-fund share class for individual investors, a move that will reduce fees for nearly 2 million clients of the nation's largest fund company.

Vanguard said Wednesday it is reducing the minimum investment amount to qualify for its Admiral share class, which charges lower investment expenses than its Investor shares.

The previous requirement of at least $100,000 to qualify for Admiral shares has been lowered to $10,000 for Vanguard index funds.