Charles Schwab has launched two new U.S. equity exchange-traded funds (ETF), Index Universe reports. The Schwab U.S. Mid-Cap ETF is focused on the U.S. midcap companies, while the Schwab U.S. REIT ETF is 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.
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