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Schwab Cuts ETF Fees
June 21, 2010
SAN DIEGO (ETFguide.com) – In an aggressive move to gain more customers and assets, Charles Schwab reduced the expense ratios on six of eight Schwab ETFs.
The Schwab ETFs with fee reductions are as follows:
--Schwab U.S. Broad Market ETF from 0.08% to 0.06%
--Schwab U.S. Large-Cap Growth ETF from 0.15% to 0.13%
--Schwab U.S. Large-Cap Value ETF from 0.15% to 0.13%
--Schwab U.S. Small-Cap ETF from 0.15% to 0.13%
--Schwab International Equity ETF from 0.15% to 0.13%
--Schwab Emerging Markets Equity ETF from 0.35% to 0.25%
“Schwab is committed to providing investors with the building blocks for a well-diversified portfolio at an exceptionally low-cost,” said Peter Crawford, senior vice president, Investment Management Services at Charles Schwab. “The combination of low costs and the resources to put together smart investment strategies make ETF investing an unbeatable value at Schwab.”
Currently, Schwab’s ETF lineup consists of investments that follow broad market indexes.
For investors with a Charles Schwab brokerage account, Schwab ETFs can be bought and sold without commissions if purchased online, regardless of the number of shares traded.
According to the company, the fee reductions for the six Schwab ETFs will make them the lowest cost funds in their respective category.
“ETFs provide a liquid, low-cost and more tax-efficient way to invest in and trade entire segments of the market,” said Crawford. |
