(Bloomberg) -- Charles Schwab cut prices on five of its ETFs, just two days after BlackRock intensified the price war in the industry by reducing expenses on 15 of its funds.

San Francisco-based Schwab, which has become the fifth largest U.S. ETF provider by selling low-cost, plain vanilla funds, said in a statement Friday that prices on the five products would range from 4 cents to 13 cents per $100 invested. The cut on each of the four stock funds and one bond fund was one cent per $100.

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