Vanguard’s Commission-Free ETFs Are Gaining Market Share
Wednesday, May 5th, 2010Michael Johnston submits:
Vanguard, known within the ETF and index fund industries for its rock bottom expenses, announced on Tuesday that it will begin offering commission-free trading on its ETFs. Vanguard brokerage clients will be able to make commission-free transactions in each of Vanguard’s 46 ETFs. The company also announced that most Vanguard brokerage clients will pay either $2 or $7 to trade non-Vanguard ETFs.
For 35 years, Vanguard has been committed to reducing the cost of investing in mutual funds for our clients. Now, Vanguard is expanding our low-cost commitment to ETFs,” said Vanguard CEO Bill McNabb. “Importantly, Vanguard offers a greater choice of ETFs with expense ratios that are among the lowest in the industry.
