Schwab Is Back With First ETF Since 2013
- Company plans large-cap stock fund based on in-house index
- ‘Force to be reckoned with,’ Schwab now 5th-largest issuer
ETF Brands Offer Competition to Index Businesses
This article is for subscribers only.
It’s been a long time coming, but Charles Schwab Corp. is shaking up the exchange-traded fund industry once again with plans for its first new offering in four years.
Charles Schwab Investment Management, the brokerage’s money-managing arm, is seeking approval for a stock ETF that would track a proprietary index of the 1,000 largest U.S. companies, according to regulatory filings.