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Published on Thursday, Nov 05, 2009
Bloomberg News
Charles Schwab Corp., the largest independent brokerage by client assets, will offer eight exchange-traded funds with commission-free online trading for its customers and mostly lower expense ratios than its competitors.
Four of the ETFs are available to Schwab customers now and the other four will be available in December, said the San Francisco-based brokerage that has operations in Richfield. The funds will focus on U.S., international and emerging markets.
An exchange-traded fund, or ETF, is a fund that investors buy and sell through a brokerage account, similar to an individual stock. Most ETFs are index funds and track the performance of a particular market. In August, 43 percent of advisers that hold assets with Schwab said they planned to increase their usage of ETFs.
Bloomberg News
Get the full article here.
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