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The complete list of Schwab ETF fee reductions is here. Both the U.S. Broad Market (SCHB) and...
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Friday, September 21, 2012, 12:16 PM ETThe complete list of Schwab ETF fee reductions is here. Both the U.S. Broad Market (SCHB) and the U.S. Large-Cap (SCHX) ETFs - with fees reduced to 0.04% from 0.06% - are now the cheapest in the industry. Bond funds get a cut, too, including the Aggregate Bond ETF (SCHZ) to 0.05% from 0.10%. (previous)
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It is not clear to me that it is efficiency, over taking a "loss" on the fee to market the funds and bump up volume.