Looks like the ETF fee war is waging on.
Four fundamentals weighted ETFs saw their expense ratios lowered from the 75-85-basis-point range to the mid-40-basis-point range. PXH FTSE RAFI Emerging Markets Portfolio, PAF FTSE RAFI Asia Pacific ex-Japan Portfolio and FTSE RAFI Developed Markets ex-U.S. Small-Mid PDN Portfolio were lowered to 49 basis points, while PXF FTSE RAFI Developed Markets ex-U.S. Portfolio, was lowered to 45 basis points.
Meanwhile, expense ratios for factor driven ETFs IDHQ S&P International Developed High Quality Portfolio and SPHQ S&P 500 High Quality Portfolio were lowered to 45 and 29 basis points, respectively.
"To broaden their exposure, investors will often use multiple ETFs within a specific fund category — such as our Fundamentals Weighted and Factor-Driven categories," said John Feyerer, head of product strategy & research, in a press statement. "Consistent with this finding, we are lowering fees on our international Fundamentals Weighted and High Quality Factor-Driven ETFs."