First Trust To Cut Expenses On BICK ETF

With nearly nine months in the books, 2010 is shaping up to be the year of price wars in the ETF industry. In the past several months, a number of big names have slashed expense ratios on some of their most popular products, in an effort to attract cost-conscious investors. Charles Schwab and Vanguard have gone back and forth in cutting prices on popular broad-based funds, while iShares recently made a splash in the precious metals space by lowering the expense ratio on its gold fund from 40 basis points to 0.25%. Smaller ETF shops have added downward pressure to ETF costs, with Van Eck and GlobalShares among those reducing expense ratios in recent months. Now add First Trust to that list; the Lisle, Illinois-based firm recently announced that it too would be cutting the expense ratio on one of its emerging market ETFs [see ETF Price Wars Escalate]. On October [...] Click here to read the original article on ETFdb.com. Related Stories: First Trust Puts A Twist On BRIC, Launches “BICK” ETF First Trust Plans Three New ETFs Five Ways To Slash Your ETF Expenses