Dollars

Schwab ETFs pass USD10bn AUM

Charles Schwab Investment Management’s (CSIM) suite of 15 equity and fixed income exchange-traded funds have reached USD10.02bn in assets under management.

CSIM reached this threshold just slightly more than three years after launching its first proprietary ETFs in November 2009.

“I want to thank investors for choosing Schwab ETFs as the right place for their hard-earned assets,” says Marie Chandoha, president of CSIM. “For Schwab ETFs, what matters most is that we continue evolving to meet client demand for quality ETFs in key asset classes at an incredible value. And, we think that crossing the USD10bn mark in such a short period of time is just the beginning.”

When Schwab debuted its first ETFs in 2009, the company broke new ground by offering them to clients commission-free online. In September 2012, Schwab made investing in ETFs more affordable for clients again by slashing expense ratios on all Schwab ETFs – they each have the lowest operating expense ratios in their respective Lipper categories.

Schwab’s 15 proprietary ETFs continue to be available commission-free online, and are part of the new USD0 commission Schwab ETF OneSource featuring 105 ETFs from leading providers in major asset classes.

CSIM’s suite of ETFs spans the major asset classes, providing retail investors with the core building blocks of an investment portfolio. Eight of the funds now have a three-year track record, none have paid capital gains distributions to date, and all have competitive tracking errors. Three Schwab ETFs have over USD1bn in assets under management, including the Schwab Broad Market ETF (SCHB), Schwab International Equity ETF (SCHF) and Schwab US Large-Cap ETF (SCHX). The Schwab Emerging Markets Equity ETF (SCHE) has USD871m in assets as of 8 February 2013.

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