Charles Schwab shaves fees on seven passive ETFs and three actively-managed ETFs

Charles Schwab Corp.'s Schwab Asset Management unit said Tuesday it'll trim operating expense ratios of seven passively managed exchange-traded funds (ETFs) and three actively managed mutual funds. The changes are in addition to fee reductions that took effect in December for five of the seven fixed income ETFs included in Tuesday's price cut. Among the seven ETFs with price cuts, the Schwab U.S. TIPS ETF is the largest with about $15.6 billion in assets under management. Schwab U.S. TIPS...