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Rating:Schwab Slashes Fees For Its Own ETFs Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, June 14, 2010

Schwab Slashes Fees For Its Own ETFs

Reported by Neil Anderson, Managing Editor

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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