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The ETFs are available to both individual investors and through independent investment advisers.
Launching on the NYSE Arca Tuesday are:
- Schwab U.S. Broad Market ETF (SCHB)—tracks the Dow Jones U.S. Broad Market Index; expense ratio: 0.09%;
- Schwab U.S. Large-Cap ETF (SCHX)—tracks the Dow Jones U.S. Large-Cap Total Stock Market Index; expense ratio: 0.08%;
- Schwab U.S. Small-Cap ETF (SCHA)—tracks the Dow Jones U.S. Small-Cap Total Stock Market Index; expense ratio: 0.15%;
- Schwab International Equity ETF (SCHF)—tracks the FTSE All-Emerging Index; expense ratio: 0.35%.
In December Charles Schwab will launch four more ETFs: Schwab U.S. Large-Cap Growth ETF, Schwab U.S. Large-Cap Value ETF, Schwab International Small-Cap Equity ETF, and Schwab Emerging Markets Equity ETF.
Schwab pointed out that the operating expense ratios match or are lower than competitors. The firm also said the ETFs can be bought and sold without commissions in Schwab accounts online. ETFs sold through brokers still have a commission.
– Ellie Behling