NYSEARCA:BBUS - NYSE Arca - US46641Q3992 - ETF - Currency: USD
Before the big discount brokers Schwab, E-Trade and TD Ameritrade went to zero-commission trading, zero-fee ETFs hit the market from financial firms trying to challenge the index fund giants Vanguard and BlackRock. But so far, the zero-fee ETF experiment looks like a failure.
Mutual funds aren’t the only way to take advantage of the firm’s ultra-low fees. Vanguard sells dozens of ETFs that are clones of its index funds.
JPMorgan Chase & Co.'s (NYSE: JPM) JPMorgan Asset Management (JPAM) unit entered the exchange traded funds business late relative to larger rivals. The firm's...