http://www.morningstar.com/news/mar...ero-for-some-basic-stock-bond-portfolios.html
In November, asset manager BlackRock Inc.(BLK) said it would slash by more than 50% the annual expenses charged to investors in an exchange-traded fund that aims to mimic the performance of the entire U.S. stock market.
By the end of the day, executives at rival Charles Schwab Corp.(SCHW) had matched the price cut. In December, Vanguard Group announced fee cuts of as much as 25% at dozens of its funds.
By the end of the day, executives at rival Charles Schwab Corp.(SCHW) had matched the price cut. In December, Vanguard Group announced fee cuts of as much as 25% at dozens of its funds.