MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, March 28, 2011 A Discount Brokerage Joins the ETF Biz Another discount brokerage is throwing its gauntlet into the ETF price war. The Wall Street Journal's Jane Kim reports that Scottrade will release 15 ETFs of its own on Wednesday, tracking 15 Morningstar domestic equity indexes. Like Schwab and Vanguard with their own ETFs, and like Fidelity with some iShares offerings, Scottrade will offer the Focus Morningstar ETFs commission-free to its own clients and through the advisors it serves as custodian fee. The new ETFs will range in price from five to 19 basis points, which the WSJ claims will make them slightly cheaper than those offered by iShares, Schwab, State Street Global Advisors or Vanguard. Printed from: MFWire.com/story.asp?s=36378 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |