Schwab Passes $1 Billion in ETF Assets
Monday, April 12th, 2010Tom Lydon submits:
It looks like Charles Schwab (SCHW) has a hit on its hands with its line of proprietary ETFs. As of this month, the well-known broker and now ETF provider has surpassed the $1 billion mark in assets under management just five months after they launched.
Naturally, the provider is pleased. Peter Crawford, senior vice president in the investment management services group, says Schwab had ambitious hopes for its ETFs when they launched and those hopes have largely been realized.
