investwithanedge.com - 11/5/2009
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Yesterday, November 3, 2009, marked a watershed event for the ETF landscape. It’s the day that Schwab, absent from the ETF industry for past 16 years, upped the ante for any company thinking about getting into the business. Charles Schwab Investment Management, Inc. launched its first four ...
blog.canadianbusiness.com - 11/5/2009
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blog.canadianbusiness.com —
U.S. broker Charles Schwab’s launch this week of
8 new exchange traded funds (ETFs) could be a...
watershed event for providers and users of ETFs and mutual funds. What’s remarkable is that they have fixed their management expense ratios (MERs) even ...
(more)
A watershed event this week for ETFs
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Did someone say commission-free ETFs?
FT Alphaville —
Ron Rowland , editor of Invest with an Edge, is very excited. He’s just discovered that Charles Schwab is upping the ante on the exchange-traded fund industry by launching commission free ETFs. In fact, four such funds were launched on Wednesday: The Schwab US Broad Market ETF, The Schwab US Large Cap ETF, The Schwab Small-Cap ETF and The Schwab International Equity ETF. Rowland calls it nothing less than a ‘watershed’ moment, gushing: This is historic. Just as no-load no-transaction fee mutual funds changed the mutual fund landscape, commission-free ETFs will forever alter the ...
Gimmicky ETFs
Abnormal Returns —
... There the risk that Schwab stops this program at some point in the future. There is also the risk that the ETF industry gets further splintered into walled fiefdoms where one can trade only house-branded funds commission-free. (See Ron Rowland at Invest With an Edge for other possible industry outcomes.) While this may not be a horrible thing, but it should give one pause. ...
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Schwab ETFs Could Be A Gamechanger
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