Charles Schwab released its ETF Select List to help retail investors pick out the best exchange traded funds (ETFs) in 48 different asset classes.  Joyce Hanson of AdvisorOne writes, there are over a thousand ETFs available, and Schwab is looking to help investors make choices. The Select List filters all of the ETFs to highlight pre-screened, low-cost funds.  The selections are based on fees, bid-ask spread, tracking error and other factors determined by their researchers.  The report will be updated quarterly.

Companies are looking at the growth opportunities in ETFs, especially in the retail channel, where ETF assets among retail investors grew 61% in 2010.  According to a recent study at Schwab, ETFs remain advisors’ investment vehicle of choice.  Eighty-four percent of RIAs in the study say they currenlty use ETFs, with 31% indicating they plan to invest more in ETFs during the next six months.

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.