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Schwab US Small-Cap ETF Message Board

  • caponsacchi caponsacchi Jan 14, 2010 11:17 AM Flag

    Schwab's No-Sales Charge ETFs a success!

    Contrary to a previous post about "low volume in Schwab's ETFs," here's what I found posted at "Seeking Alpha" today, January 14, the same day that Schwab brought another one to market--its emerging market fund (SCHE). I'm switching out of EEM with its high expense charges:

    "Thanks in part to its widely-known brand and existing base of customers, Schwab has seen a great deal of early success with its ETF products. The company finished 2009 with almost $350 million in assets, an impressive haul for less than two full months of operations. In addition to an aggressive marketing campaign, Schwab has attracted investors by — no surprise here — low costs. Two of the domestic ETFs charge just 0.08%, the lowest in the industry. In addition, there are currently no trading fees for all Schwab ETFs that are bought or sold in Schwab accounts."

 
SCHA
56.65-0.03(-0.05%)Jul 27 4:00 PMEDT