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Schwab Launches Two Equity ETFs

Charles Schwab has launched two new U.S. equity exchange-traded funds.

Charles Schwab has launched two new U.S. equity exchange-traded funds (ETF), Index Universe reports. The Schwab U.S. Mid-Cap ETFis focused on the U.S. midcap companies, while theSchwab U.S. REIT ETFis targeting real estate investment trusts.

With an expense ratio of 0.13%, both the funds will be the cheapest ETFs in their respective category. The rollout increases the San Francisco-based discount broker, Schwab’s lineup of ETFs to 13.

Click here for the story from Index Universe.

Click here for additional coverage from Business Insider.



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