Schwab to Cut Expenses on 4 ETFs as Fee Wars Wind Down
From Yahoo Finance: 2025-06-09 17:15:00
Charles Schwab Corp. (SCHW) cut fees on four equity ETFs under 10 basis points, following the trend of record-low fund fees. Morningstar reports the cheapest funds attracted $930 billion in inflows last year. Schwab’s ETFs like SCHK and SCHF saw expense ratios drop, attracting investors with cost savings and solid returns.
Schwab’s fee reductions on ETFs like SCHK, SCHF, SCHC, and SCHE are effective June 10, making investing more accessible. SCHK tracks top U.S. stocks, with Microsoft and NVIDIA as key holdings, while SCHF focuses on international equities like SAP SE and ASML Holding NV. SCHC and SCHE also saw reductions in expense ratios, benefiting investors.
John Sturiale from Schwab Asset Management aims to make investing more accessible by slashing fees on ETFs. The industry trend shows index funds are lowering fees to attract investors, with some now offering zero-fee options. The price wars may be slowing down as fees hit rock-bottom levels, according to Morningstar.
Read more at Yahoo Finance: Schwab to Cut Expenses on 4 ETFs as Fee Wars Wind Down