Charles Schwab Reduces Fees on ETFs

Charles Schwab is dropping fees on six of its eight proprietary ETFs as follows:

–Schwab U.S. Broad Market ETF from 0.08 percent to 0.06 percent
–Schwab U.S. Large-Cap Growth ETF from 0.15 percent to 0.13 percent
–Schwab U.S. Large-Cap Value ETF from 0.15 percent to 0.13 percent
–Schwab U.S. Small-Cap ETF from 0.15 percent to 0.13 percent
–Schwab International Equity ETF from 0.15 percent to 0.13 percent
–Schwab Emerging Markets Equity ETF from 0.35 percent to 0.25 percent

“Schwab is committed to providing investors with the building blocks for a well-diversified portfolio at an exceptionally low-cost,” said Peter Crawford, senior vice president, Investment Management Services at Charles Schwab, in a press release. “The combination of low costs and the resources to put together smart investment strategies make ETF investing an unbeatable value at Schwab.”

Currently, Schwab’s ETF lineup consists of investments that follow broad market indexes.