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Schwab Investors Embrace ETFs
By Mike Sachoff
Staff Writer
Article Date: 2010-11-10
Charles Schwab said today that exchange-traded fund (ETF) assets held by its individual investor and independent advisor clients have exceeded $100 billion.
This milestone was achieved in part because of the early success of Schwab's own ETF products. Assets under management in Charles Schwab Investment Management, Inc. (CSIM) Schwab ETFs(TM) now exceed $2 billion, and Schwab Managed Portfolios, Exchange-Traded Funds (SMP-ETFs), which debuted in January through Charles Schwab Investment Advisory Inc., has garnered $1.7 billion to-date.
"ETFs have skyrocketed in popularity, and the success of our ETF program shows that Schwab is the destination for investors seeking ETFs," said Peter Crawford, senior vice president of Charles Schwab & Co., Inc.
"Whether they are long-term buy and hold investors who are looking for great value in terms of operating expenses, or more active investors whose focus is low-cost trades, we are the place for investors seeking ETFs."
At its "ETF HQ", Schwab provides a full range of resources to help individuals and advisors. The Schwab ETF Learning Center offers educational materials and insights from Schwab experts in the form of FAQs, articles and videos. The content ranges from the basics of ETFs and how they fit into a portfolio to sophisticated trading strategies.
Schwab's ETF resources also include an array of tools to help investors choose ETFs that may best fit their investment needs, including a robust ETF Screener to search for ETFs that offer exposure to various markets, industries and sectors; a comparison tool to view side-by-side snapshots of multiple ETFs; and research and ratings from third parties.
Schwab ETFs have had significant traction this first year," said Crawford. "Our clients find these low-cost indexed vehicles enormously appealing in general, and as some of the lowest-cost products in each of their categories, the Schwab ETFs are especially attractive.
About the Author:
Mike is a staff writer for WebProNews. Visit WebProNews for the latest ebusiness news.
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