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Wednesday, March 20, 2013

Jaffe Cheers on the ETF Wars

News summary by MFWire's editors

At least one prominent mutual fund industry watcher is very happy with recent ETF price war maneuvers by Fidelity, iShares and Schwab.

This week Marketwatch columnist Chuck Jaffe cheered on the recent launch of Schwab's commission-free ETF OneSource and Fidelity's subsequent revamp of its commission-free ETF distribution partnership with iShares.

"This is war, so pay attention to how you can be the winner," Jaffe wrote.

He even joins the bandwagon of prognosticators who see ETFs overcoming a number of barriers to make a big splash in the 401(k) industry. 

Edited by: Neil Anderson, Managing Editor


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