MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, October 11, 2010 The ETF Trading 'Arms Race' Catches the WSJ's Attention Fundsters interested in more news on the ETF pricing moves by the big discount brokerages may want to check out today's Wall Street Journal. In the "Fund Track" column, Daisy Maxey reports on TD Ameritrade's decision to offer more than 100 ETFs commission-free (to those who hold them for at least 30 days). USA Today broke the news last week (see The MFWire, 10/8/2010). ETFs from iShares [see profile], Schwab [see profile], State Street [see profile] and Vanguard [see profile] are included in the list Jason Zweig also covered the news in his "Intelligent Investor" column in the Saturday edition of the WSJ. Maxey interviewed several sources about TD's move, including: Mark Balasa, co-CEO of RIA Balasa Diverno Foltz and Tom Lydon, president of Global Trends Investments. Balasa described the ETF commission-cutting at the brokerages as "an arms race." Zweig spoke with: Noel Archard, head of iShares in the U.S.; Peter Crawford, head of Schwab's ETF business; Rick Ferri of Portfolio Solutions; Matt Hougan, managing director at IndexUniverse.com; William Koehler of ETF Portfolio Partners; James Ross, managing director at State Street; and Gus Sauter, chief investment officer at Vanguard. Zweig also cites the GlobalShares FTSE Emerging Markets Fund. Printed from: MFWire.com/story.asp?s=33675 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |