One of the great things about exchange-traded funds is that, broadly speaking, the asset class is a cost-effective avenue for accessing a broad basket of stocks. Another great thing about ETFs is that issuers of these products are constantly competing with each other on price, recognizing that lower fees are an effective asset-gathering tool.
That much was on display again in 2015, as a broad swath of well-known ETF issuers pared expenses on large, popular funds.
Fee Reductions
BlackRock, Inc. (NYSE: BLK)'s iShares unit, the world's largest ETF sponsor, was one of the big-name issuers to announce fee reductions. In November, iShares lowered fees on seven of its core ETFs, bringing some of the annual expense ratios on those funds to as low as 0.03 percent per year. That works out to be a mere $3 for every $10,000 invested.
/www.benzinga.com/trading-ideas/long-ideas/16/01/6164917/own-a-lot-of-stocks-on-the-cheap-with-this-etf alt=Own A Lot Of Stocks On The Cheap With This ETF>Full story available on Benzinga.com
More...