Financial giant Charles Schwab has registered to launch 9 ETFs in the coming months but some in the industry are questioning the timing of the move according to Investment News‘ David Hoffman.
In the article Schwab’s offering of nine new ETFs may be ‘late to the game”, Hoffman reports that Schwab has chosen to bring out ETFs pegged to broad-based indexes. To be competitive against already established players, Schwab will need to keep expenses low and service levels high.
Six of the ETFs will follow Dow Jones stock indexes:
- Schwab U.S. Broad Markets ETF (SCHB)
- Schwab U.S. Large-Cap ETF (SCHX)
- Schwab U.S. Large-Cap Value ETF
- Schwab U.S. Large-Cap Growth ETF
- Schwab U.S. Mid-Cap ETF and
- Schwab U.S. Small-Cap ETF (SCHA)
The Schwab International Equity ETF (SCHF), Schwab International Small-Cap Equity ETF and Schwab Emerging Markets Equity ETF are expected to follow FTSE stock indexes.