Vanguard Group will reduce the expense ration of the Vanguard MSCI EAFE ETF, Index Universe reports. The fund will now cost investors 0.12% a year from 0.15% previously, a drop of 20%.

The equity ETF canvasses the developed world outside of North America. Previously, Vanguard had cut the price of the Vanguard MSCI Emerging Markets ETF, which now costs 0.22% as compared to the iShares MSCI Emerging Market Index Fund that has a 0.69% price tag.

Click here for the story from Index Universe.