Charles Schwab (SCHW) said Thursday that it has lowered expense ratios on four of its equity index ETFs, including funds tracking US mid-cap, small-cap, international small-cap, and emerging markets stocks.
The company said most of its index ETFs now carry expense ratios as low as 0.03%, making it more affordable for investors to build diversified portfolios across US stocks, bonds, and international markets.
The company said the changes reduce annual costs for a $10,000 investment to as little as $3 to $8, depending on the fund mix.
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