Vanguard Salutes Big Accounts With Admiral Shares on Six More Funds

Six more cheap Vanguard funds are getting a little cheaper for loyal, fat-cat investors.

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On Tuesday the firm best known for its ultra-cheap index funds added lower-cost Admiral shares to six more of its funds: (VEURX Quote)European Stock Index, (VPACX Quote)Pacific Stock Index, (VWIGX Quote)International Growth, (VWUSX Quote)U.S. Growth, (VEIPX Quote)Equity-Income and (VAAPX Quote)Asset Allocation. The new share class, now available on 34 Vanguard funds, is available to investors with a big or long-standing account with the Valley Forge, Pa., firm, the nation's second largest fund shop with $570 billion under management.

The Admiral shares are designed to reward, attract and keep the fund world's most profitable fish -- shareholders with big accounts who don't drive up expenses or whittle margins by hopping in and out of funds. The low-cost shares are a nod to the budding popularity of low-cost exchange-traded funds, or ETFs, a market Vanguard only recently entered.

To qualify for the new shares, investors will need to have either $250,000 in a fund, $150,000 in a fund they have held for at least three years with online account access, or at least $50,000 in a fund they have held for a minimum of 10 years with online account access. ...