Related: Oppenheimer Adds International ETFs to Revenue-Weighted Lineup
As of July13th, Schwab had $79.3 billion in ETF assets under management, putting it about $30 billion ahead of sixth-place First Trust. Earlier this month, California-based Schwab said one of its ETFs topped $10 billion in assets under management for the first time.
It has almost been eight years since its launch, but the Schwab International Equity ETF (NYSEArca:SCHF) has finally broken into the $10 billion in assets club.
The Schwab international Equity ETF, which launched in November 2009, has now accumulated $10.4 billion in assets under management. It is also the cheapest international ETF on the block with a 0.06% expense ratio.
The Schwab International Equity ETF tries to reflect the performance of the FTSE Developed ex US Index, which is comprised of large and mid-cap stocks of developed countries outside the U.S.
If the Schwab 1000 Index ETF comes to market, it would be the issuer’s 22nd ETF, a comparatively small lineup relative to competitors such as iShares and Vanguard.