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Products June 14, 2010
Schwab Cuts ETF Expense Ratios
Charles Schwab has slashed operating expense ratios on six of eight Schwab ETFs.
Reported by Fred Schneyer
The six ETFs include:
- Schwab U.S. Broad Market ETF from 0.08% to 0.06%
- Schwab U.S. Large-Cap Growth ETF from 0.15% to 0.13%
- Schwab U.S. Large-Cap Value ETF from 0.15% to 0.13%
- Schwab U.S. Small-Cap ETFfrom 0.15% to 0.13%
- Schwab International Equity ETF from 0.15% to 0.13%
- Schwab Emerging Markets Equity ETF from 0.35% to 0.25%
Commission-free online trading of Schwab ETFs is available to individual investors at Schwab, to the more than 6,000 independent investment adviser firms who use Schwab’s custodial services through Schwab Advisor Services and through Schwab retirement accounts that permit trading of ETFs, the company said.