More on the Schwab (SCHW) ETF fee reductions: The move comes as BlackRock promises to soon slash...

|By:, SA News Editor

More on the Schwab (SCHW) ETF fee reductions: The move comes as BlackRock promises to soon slash costs on its iShares line, though Schwab CEO Walt Bettinger quickly says the firm has no desire to get involved in a price war. Does Schwab make money on its ETFs? Bettinger: Yes, but the ETFs are more about adding to "the totality of what we do."