Never miss a story — sign up for PLANSPONSOR newsletters to keep up on the latest retirement plan benefits news.
Products January 19, 2010
Schwab Offers Managed Portfolios of ETFs
January 19, 2010 (PLANSPONSOR.com) - Schwab has announced the availability of six new managed portfolios of exchange-traded funds (ETFs)
available through a low cost fee-based portfolio advisory program.
Reported by Rebecca Moore
Schwab Managed Portfolios-ETFs are made up of diversified ETF holdings representing up to 19 core sub-asset classes, according to the announcement. By holding potentially as many as two dozen ETFs, Schwab Managed Portfolios ETFs offer diversification across all the major equity and fixed income asset classes, as well as TIPs, real estate, and commodities, the company said.
The announcement said portfolio managers make ongoing adjustments to take advantage of market opportunities while controlling risk. In addition, the portfolios are rebalanced as needed to maintain the investor’s target asset allocation.
The portfolios have an investment minimum of $100,000 and a program management fee of 0.75% for the first $500,000 in assets, 0.65% for the next $500,000 in assets, and 0.50% for assets over $1 million.
More information is at http://www.schwab.com.