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BlackRock broad-market iShares ETF becoming cheaper than Vanguard's | Reuters
For those looking for the absolute best deal...
Nov 10 BlackRock Inc on Tuesday will announce it is slashing fees on seven of its exchange-traded funds, making one iShares product cheaper than a competing offering from low-cost rival Vanguard Group.
With the drop in annual expenses - from 0.07 percent of assets to 0.03 percent for the iShares Core S&P Total U.S. Stock Market ETF - the sticker price of that $2.8 billion fund will fall below that of the Vanguard Total Stock Market ETF , which is responsible for $58 billion in assets. The Vanguard fund carries a 0.05 percent expense ratio.
For those looking for the absolute best deal...