|Bid||70.72 x 1100|
|Ask||70.73 x 2200|
|Day's Range||70.61 - 70.75|
|52 Week Range||55.87 - 70.99|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.01|
|Expense Ratio (net)||0.03%|
Online lender known as SoFi is close to launching two ETFs that will waive entire management fees for at least in their first year of operation.
Forget about cut in expense ratios. Brokers are now engaged in bringing up torrents of commission-free ETFs on their trading platform.
There is at least one area of the investment landscape that has been relatively stable in terms of overall inflows and growth, however: ETFs. Exchange-traded funds saw inflows of more than $280 billion last year, marking the third year in a row in which the low-cost mutual fund alternative grew by at least $250 billion. Along with the continued expansion of the ETF space with regard to assets, the number of exchange-traded funds has kept growing as well.
Since launching its first ETF in 2009, Charles Schwab Investment Management has seen rapid growth to become the fifth biggest U.S. ETF provider. Here's how.