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Rating:A Brokerage Giant Prepares an ETF of Its Own Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, February 09, 2009

A Brokerage Giant Prepares an ETF of Its Own

Reported by Neil Anderson, Managing Editor

Barclays Global Investors may soon have ETF competition from a financial giant in its own backyard. On January 30, San Francisco-based Charles Schwab filed with the SEC to get the appropriate '40 Act exemption to launch its own exchanged-traded fund under the umbrella of the new Schwab Strategic Trust, tracking the Dow Jones U.S. Total Stock Market Index.

The filing reveals no specific fees for the new ETF.

IndexUniverse.com's Heather Bell first broke the news of the filing. 

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