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Morningstar: No-Transaction-Fee Supermarkets Are Pricey

Friday, Nov 07 2014
Markets & Investments
Written by  PFA News

Funds offered by Charles Schwab’s fund supermarket with transaction fees have an average expense ratio of 0.88% compared to the average expense ratio of 1.16% for non-transaction fee funds. So reports Morningstar.

Funds on the non-transaction fee platform pay Schwab an average of 32 basis points and are prohibited from offering lower-cost products via other platforms.

Read the full article from Morningstar.

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