Charles Schwab, one of the country’s largest asset managers with more than $200 billion in assets under management, has made quite an entrance into the ETF arena. The San Francisco-based company announced the launch of its first eight exchange-traded funds, including four that will begin trading on Tuesday. Each of the exchange-traded products from Schwab will compete directly with ETFs already offered by the “big 3″ of the ETF industry – iShares, Vanguard, and State Street – including some of the largest and most liquid ETFs on the market. [click to continue…]
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