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Products January 14, 2010
Charles Schwab Launches Two New ETFs
January 14, 2010 (PLANSPONSOR.com) - Charles Schwab Investment
Management, Inc. (CSIM) has launched two new exchange-traded funds focused on
emerging markets and international small-cap equities.
Reported by Rebecca Moore
The Schwab Emerging Markets Equity ETF (SCHE) and the Schwab International Small-Cap Equity ETF (SCHC) began trading on January 14th, 2010. A press release said the funds feature low operating expense ratios (0.35%) and commission-free online trading in Schwab accounts.
In addition, Schwab announced that the Board of Trustees of the Schwab ETF Trust approved the termination of the Distribution and Shareholder Services (12b-1) Plan for all proprietary ETFs. This change was filed with the SEC on January 13, 2009.
“We’ve eliminated our Rule 12b-1 plan to simplify our pricing and remove the potential additional costs,” said Peter Crawford, senior vice president at Charles Schwab & Co., Inc., in the press release.
More information is at http://www.schwab.com.