Institutional investors are also mindful of “how liquid a product is, spreads, the level of internal charges, tracking error to their benchmark and total return,” Deborah Fuhr, managing partner at consultancy ETFGI, said in the article.
Earlier this month, Vanguard put the fee war on a new level after deciding to swap out MSCI indices as benchmarks for its largest ETFs for cheaper alternatives from FTSE and the University of Chicago’s Center for Research in Security Prices, or CRSP. [What Vanguard’s Index Swap Means for ETF Investors]
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Max Chen contributed to this article.