Most of the Schwab
ETFs just got cheaper. Today the San Francisco-based brokerage revealed
that it has cuts fees for six of its eight ETFs to provide "unbeatable value".
The Schwab U.S. Broad Market ETF
went from eight to six basis points; the Schwab U.S. Large-Cap Growth ETF
, the Schwab U.S. Large-Cap Value ETF
, the Schwab U.S. Small-Cap ETF
, and the Schwab International Equity ETF
all fell from 15 to 13 bps; and the Schwab Emerging Markets Equity ETF
dropped from 35 bps to 25 bps.
"We will continue to offer them commission-free online for clients that trade in their Schwab accounts," stated Peter Crawford
, senior vice president of investment management services.
A year ago, Schwab unveiled a similar price reduction for its regular mtuual funds.
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