Home »
Mutual Funds »
Expert Tips on Mutual Funds »
Schwab Lowering Fees
Schwab Lowering Fees
In a letter to clients Walter Bettinger II, CEO of Schwab, announced the lowering of expense ratios in the Schwab Equity Index Funds. Schwab is looking to damper Fidelity’s marketing pitch of having the lowest cost S&P 500 Index Fund. Vanguard and Fidelity have been competing for this honor for years.
The biggest benefit of Schwab’s announcement may not be the fee cuts (miniscule differences in fees among the big players), but the fund minimums. Investors can start with as little as $100 in the Schwab S&P 500 Fund.
Back
Keywords:
Schwab Lowering Fees, Mutual Fund Fees, Dollar Cost, Mutual Fund 12b-1 Fee, Benchmark for Mutual Funds, International Funds, Index Funds, Philosophy, Turnover Ratios, Tips, Expense Ratio, Mutual Fund Prospectus, Reasons to Buy a Mutual Fund, Benefits, Disadvantages of Mutual Fund, Advantages, Disadvantages, Open ended Mutual Fund, mutual fund, mutual fund companies, Close ended Mutual Fund, Advantages of Close ended Mutual Fund, tata mutual fund, icici prudential mutual fund, investment, insurance
