Vanguard Cuts Fees on 87 Funds

What You Need To Know

• The cut, expected to save investors $350 million this year, is the largest in Vanguard's history, according to the the firm.
• The reductions are a "great gesture" to clients but aren't big enough to prompt investors to move assets, Morningstar analyst Daniel Sotiroff says.
• "The race to zero has been run," Vanguard watcher Jeff DeMaso says.