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Tuesday, October 09, 2012|
Four Fund Shops Get Name Checked in Reuters Fee War Coverage
Four fund firms, Schwab, Blackstone/iShares, State Street and The Vanguard Group, got ink in a Reuters story on the escalating ETF fee war.
The latest salvo of price cuts came from the discount broker Charles Schwab, which recently reduced fees by up to 59 percent on its 15 ETFs, which hold more than $7 billion in assets. Schwab is trying to play catch-up with the three giants in the field -- Blackstone/iShares, State Street's SPDRs and Vanguard Group -- which offer an even wider selection of low-cost ETFs.
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