Schwab To Enter ETF Arena
April 20th, 2009
One of the world’s biggest financial services firms has decided to throw its hat into the ETF marketplace. On Jan. 30, Charles Schwab & Co. (NASDAQ: SCHW) filed with the Securities and Exchange Commission for exemptive relief that would allow it to create ETFs.
The fund described in the filing would track the Dow Jones U.S. Total Stock Market Index, which according to the filing, covers all publicly traded U.S. stocks with readily available pricing information. The Schwab filing makes reference to other possible index-tracking ETFs, but only specifically names the one fund.
Full Story: http://www.indexuniverse.com/component/content/article/7-news/5718.html?Itemid=19
The Euro’s Demise Has Been Set in Motion: Are you protected?
"Nationalism will emerge. Healthier countries will not see fit to spend their hard earned money to bail out their less responsible neighbors."
CLICK HERE to get your Free E-Book, “Why It’s Curtains for the Euro”
Most Comments