Charles Schwab is gearing up to make the long-anticipated move into the exchange traded fund (ETF) market and it looks like the ball is rolling now that the financial services provider has unveiled the lineup of its first nine funds.
A slew of new filings with the Securities and Exchange Commission has outlined the details of nine new ETFs from the Schwab family of funds. Murray Coleman for Index Universe reports that the nine funds are:
- Schwab U.S. Broad Markets ETF
- Schwab U.S. Large-Cap ETF
- Schwab U.S. Large-Cap Value ETF
- Schwab U.S. Large-Cap Growth ETF
- Schwab U.S. Mid-Cap ETF
- Schwab U.S. Small-Cap ETF
To target foreign markets, the firm’s lineup will include:
- Schwab International Equity ETF
- Schwab International Small-Cap Equity ETF
- Schwab Emerging Markets Equity ETF
Expense ratios for the funds are yet to be released. Some feel that the competition in that realm will be fierce, since they’re pure index products. Will the Schwab ETFs be able to get a handle on the established competition?
For more stories on new ETFs, visit our new ETF category.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.