Vanguard has cut the annual expense ratio of one of its exchange-traded fund (ETF), Financial Times reports. The ETF provider has reduced the expense ratio on the MSCI Emerging Markets ETF.

The expense ratio on the fund is now 22 basis points, after a reduction of 5 basis points. Earlier in January, the portfolio had gathered $1.7 billion in new cash from investors, maintaining its momentum from last year when it attracted $19.3 billion.

Click here for the story from Financial Times