The Schwab announcement, which comes just a week after BlackRock CEO Larry Fink announced fee cuts for some core iShares ETFs.

FORBES: Schwab Continues ETF Price War, Puts Vanguard In The Crosshairs

Larry Fink, BlackRock founder and chairman suggested how proud he was of this active posture during a Financial Times conference the other day.

FORBES: BlackRock Is Not Shy About Voting Its 5% Or More Holdings in 2400 Companies

BlackRock, headed by CEO Larry Fink, number 48 in Forbes' World's Most Powerful People, has been the focus of various foreign investments, including numerous sovereign wealth funds.

FORBES: Magazine Article