Yahoo Finance

Salim Ramji is betting the path to Vanguard Group customers’ hearts is still through their wallets. In the first major initiative in Ramji’s six-month run as chief executive, Vanguard on Monday slashed the fees on nearly half of its U.S. funds. The fee cuts are the steepest in the almost 50-year history of a money manager that practically invented the principles of low-cost investing, and led the push to popularize funds that tracked market indexes.