Vident Financial Celebrates 5th Anniversary by Lowering Fees (PRNewsfoto/Vident Financial, LLC)
Vident Financial, LLC announced in anticipation of the firm's 5th year anniversary, fees would be lowered across all Vident ETFs. The international equity (VIDI), domestic equity (VUSE) and fixed income (VBND) ETFs reduced management fees by 7, 5 and 4 basis points respectively*. The fee reduction went into effect January 1, 2018. Vident's distinct, investor-centric ownership structure uses excess profits to reinvest into the firm or in this case, to reduce costs to investors.