Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:WSJ Says SPDR Will Follow Vangaurd's ETF Play Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 5, 2010

WSJ Says SPDR Will Follow Vangaurd's ETF Play

News summary by MFWire's editors

By now, those who work with exchange-traded funds have heard the news. Vanguard is offering commission-free ETF trading. The Wall Street Journal, in its Fund Track column on Wednesday, talked to industry experts about the move.

Vanguard is third in line in terms of ETF assets. With $108.8 billion in ETF AUM, the Valley Forge asset manager trails only iShares and State Street Global Advisors. Vanguard has been leading the industry in terms of cash flow this year, with approximately $11.7 billion as of April 29, according to the WSJ.The company has 46 ETFs.

Scott Burns, director of ETF analysis at Morningstar, predicts that SSgA's SPDR family of ETFs will be the next group to cut trading commissions.

"This is just another sign of the cost pressures on the ETF space," Burns commented in the article. "Schwab has done something, Fidelity has done something, and Vanguard has now done something. The other parties are going to have to figure out how to respond to this."

The WSJ also spoke with Colin Kelton, principal of Vanguard's retail investor group, and Daniel Wiener, editor of the newsletter Independent Advisor for Vanguard Investors. 

Edited by: Daniel Tovrov


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use