Another Step Toward Fee-Free ETFshttp://www.fool.com/investing/brokerage/2011/03/29/another-step-toward-fee-free-etfs.aspx Dan Caplinger
March 29, 2011
Price wars often continue until one competitor sets prices so low that there's no way anyone else can undercut it. That trend seems to be exactly what's happening with commission-free exchange-traded funds, and it's a big potential positive for investors.
Tomorrow, Scottrade is set to announce that it will join a large group of other brokers by offering a line of commission-free ETFs to its customers. Although the discount broker missed an opportunity by passing up a prospective partnership with the sole remaining uncommitted major ETF manager, Scottrade did advance the ball against its rivals on the most important factor for many investors: lower fees.
Scottrade's 15 fund offerings are designed to track indexes provided by Morningstar (Nasdaq: MORN