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Schwab's (SCHW) cost-cutting is paying off as its U.S. Broad Market ETF (SCHB) has about doubled...

Schwab's (SCHW) cost-cutting is paying off as its U.S. Broad Market ETF (SCHB) has about doubled to $2B in AUM since cutting its expense ratio 33% to 0.04%. Competitors like Vanguard's VTI and iShares' IWV cost 0.05% and 0.20%, respectively. The SCHB - along with the other 14 ETFs Schwab cut fees on - is likely now a loss leader, but the company expects to gain from expanding the "totality of the relationship" with clients.
Comments (2)
  • The Aristos
    , contributor
    Comments (58) | Send Message
     
    SCHD is a regular buy for me. Cannot beat those Schwab ETF expense ratios.
    19 Jun 2013, 03:47 PM Reply Like
  • Barclay
    , contributor
    Comments (25) | Send Message
     
    I did an analysis of JP Morgan's 2013 stock picks versus SCHB and VTI and guess who came out ahead? http://bit.ly/13ljqmI
    1 Jul 2013, 09:53 AM Reply Like
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