New Breed of Complex Funds Are Bucking the ‘Vanguard Effect’
The average cost of a newly launched ETF has climbed to a record 65 basis points, according to Bloomberg Intelligence
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Photographer: Michael Nagle/BloombergWelcome to ETF IQ, a weekly newsletter dedicated to the $14 trillion global ETF industry. I’m Bloomberg News reporter Emily Graffeo, filling in for Katie Greifeld .
I won’t pretend to know exactly what the late Jack Bogle would say about the ETF market in 2025, but if I had to venture a guess, I’m not sure he’d be thrilled about the fees at least. The average cost of ETFs launched this year has climbed to a record 65 basis points, according to Bloomberg Intelligence, marking a shift from the low-cost gospel Bogle spent his life preaching.