Schwab’s New ETFs: A Watershed Event
Sunday, November 8th, 2009
Larry MacDonald submits:
U.S. broker Charles Schwab’s launch this week of 8 new exchange traded funds (ETFs) could be a watershed event for providers and users of ETFs and mutual funds. What’s remarkable is that Schwab has fixed its management expense ratios (MERs) even lower than the Vanguard ETFs and is allowing its ETFs to be bought and sold commission-free on a permanent basis through a Schwab account. The brokerage’s current and forthcoming ETFs will be the lowest-cost vehicles around for gaining exposure to key asset classes (hat tip to Preet Banerjee for bringing this to my attention by email).
