WSJ's June 15
Schwab, which began the horserace to lower fees, claims it has the cheapest ETFs on the market. According to Scott Burns, Morningstar's director of ETF analysis, that's true. With these cuts, Schwab ETFs cost between 6-35 basis points (BPS).
On Friday, Van Eck made another series of cuts (see
The problem, as iShares notes, is that ETFs are being sold and priced as commodities, making it very difficult for fund complexes to operate ETFs at a profit.