FYI: Common sense says ETFs are cheap everywhere – but cheapest in the US, where Vanguard, BlackRock and Charles Schwab lead the charge downward. While Fidelity provides market tracking funds for free.
Yet it’s Japan and not the US, that’s the real king of cheap ETFs a new survey has suggested. The asset-weighted average fees of Japan’s four biggest ETF providers – Nomura, Nikko, Daiwa and Mitsubishi – are all below 28 basis points. And the average of the four is 19 basis points, implying Japan’s ETFs are cheaper than those in the US, where the average cost incurred by an ETF is 21 bps.
Regards,
Ted
http://www.etfstream.com/news/4693_japan-not-the-us-is-the-king-of-cheap-etfs
