Tags: vanguard | cheaper | investing | etf | fees

Investing Gets Even Cheaper: Vanguard Cuts ETF Commissions

Investing Gets Even Cheaper: Vanguard Cuts ETF Commissions
© Sergii Kolesnyk | Dreamstime.com

Monday, 02 July 2018 12:17 PM

The cost of investing keeps dropping,

Vanguard said Monday it will stop charging commissions to trade most of its competitors' exchange-traded funds.

Vanguard currently allows customers to make online trades of 77 of its own ETFs without commissions. Now, it plans to extend the practice to nearly 1,800 ETFs from BlackRock, Charles Schwab, State Street Global Advisors and other rivals in August.

Karin Risi, director of Vanguard's retail investor group, said some ETFs won't be included, such as those that use borrowed money to supercharge their returns and others Vanguard considers not suited for long-term investors.

It's the latest salvo in an industry price war that's netted billions annually for investors. Companies are fighting to attract investors who have gotten more educated about the benefits of keeping costs low.

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Vanguard said Monday it will stop charging commissions to trade most of its competitors' exchange-traded funds.
vanguard, cheaper, investing, etf, fees
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2018-17-02
Monday, 02 July 2018 12:17 PM
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