KevinD
05-20-2010, 12:05 PM
Vanguard joins the ETF price war
http://moremoney.blogs.money.cnn.com/2010/05/05/vanguard-joins-the-etf-price-war/
Vanguard announced (http://onlinepressroom.net/vanguard/) it has removed trading fees on all 46 of its exchange-traded funds. In addition, the fund group lowered its commissions for buying or selling stocks or non-Vanguard ETFs to just $7 to $2, depending on the size of your account.
With these moves, Vanguard has trumped rivals Schwab and Fidelity, at least for now. Schwab started the commission-free war last year by removing trading fees on eight of its own ETFs; it currently charges $8.95 a stock trade. Fidelity, which charges $7.95 a trade, recently waived fees on 25 iShares ETFs.
http://moremoney.blogs.money.cnn.com/2010/05/05/vanguard-joins-the-etf-price-war/
Vanguard announced (http://onlinepressroom.net/vanguard/) it has removed trading fees on all 46 of its exchange-traded funds. In addition, the fund group lowered its commissions for buying or selling stocks or non-Vanguard ETFs to just $7 to $2, depending on the size of your account.
With these moves, Vanguard has trumped rivals Schwab and Fidelity, at least for now. Schwab started the commission-free war last year by removing trading fees on eight of its own ETFs; it currently charges $8.95 a stock trade. Fidelity, which charges $7.95 a trade, recently waived fees on 25 iShares ETFs.