Those funds include the Schwab Fundamental U.S. Broad Market Index ETF (NYSEArca: FNDB) and the Schwab Fundamental U.S. Large Company Index ETF (NYSEArca: FNDX).
Data indicate investors do appreciate low or, even better, no costs when it comes to trading ETFs.
“According to the 2013 ETF Investor Study by Charles Schwab, released earlier this month, the ability to trade ETFs commission-free is most or very important to 45 percent of investors. Notably, the study also highlighted the importance of another key fact about Schwab ETF OneSource – investors are not charged any early redemption fees or surprised with other costs for selling an ETF shortly after buying it. According to the study, clarity about a fund’s redemption fees or other hidden fees is considered the number one cost factor when making ETF buying decisions, with 71 percent saying it is extremely important,” Schwab said in the statement.
Schwab had $179 billion in ETFs custodied on its platform as of September 30, 2013. Schwab ETFs, including the new Schwab Fundamental Index ETFs, had $14.2 billion in assets as of September 30, 2013.
Full list of new OneSource ETF Addition
