FYI: Asset managers offering low-cost exchange-traded funds and index mutual funds are scraping their backs on the floor in a game of fee limbo. Late last year, Fidelity launched a quartet of zero-fee index mutual funds. In recent weeks we've seen a fresh round of expense-ratio reductions for some of the largest ETFs and index mutual funds. A number of novel new funds sporting competitive price tags have also come to market. SoFi, a financial-services upstart, filed for the first zero-fee ETF. Most recently, a newer entrant into the arena listed an ETF that will temporarily pay early investors to own it, the Salt Low truBeta US Market ETF (LSLT).
Regards,
Ted
https://www.morningstar.com/articles/919526/fee-limbo-how-low-can-expense-ratios-go.html
