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The long-anticipated move by giant discount broker and asset manager Charles Schwab Corp. into the ETF market is taking shape.
San Francisco-based Schwab (Nasdaq: SCHW) filed a prospectus dated July 15 that detailed a complete family of nine initial ETFs. Six funds would track domestic stock markets:
• Schwab U.S. Broad Markets ETF
• Schwab U.S. Large-Cap ETF
• Schwab U.S. Large-Cap Value ETF
• Schwab U.S. Large-Cap Growth ETF
• Schwab U.S. Mid-Cap ETF
• Schwab U.S. Small-Cap ETF
The ETFs will track the 2,500-stock Dow Jones U.S. Broad Stock Market Index and some of its subindexes.
Schwab’s foreign market ETFs would include the following:
• Schwab International Equity ETF
• Schwab International Small-Cap Equity ETF
• Schwab Emerging Markets Equity ETF
The three international funds will track the FTSE Developed ex-US Index, the FTSE Developed Small Cap ex-US Liquid Index and the FTSE All-Emerging Index.
No expenses were detailed in the filing.
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