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