Vanguard All-World ETF Sits Just Below a Record as a Fee War and a Blockchain Hire Signal Twin Pressures
Vanguard's flagship ETF trades near 52-week high while facing DWS fee cut and a strategic move into tokenization under new CEO Salim Ramji.
➤ Vanguard's flagship ETF is near a record high but faces competitive pressure from DWS's lower fees and a strategic pivot into tokenization under new CEO Salim Ramji. ➤ The firm is hiring a Head of Digital Assets to explore tokenization, stablecoins, and blockchain settlement, signaling a late but significant entry into the RWA market. ➤ Investors face a choice between Vanguard's scale and broad exposure versus DWS's lower costs, with Vanguard's digital asset strategy potentially impacting future product offerings and cost structures.











