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State Street has made a few minor changes to its ETF lineup, ditching Dow Jones indexes in favor of benchmarks maintained by Standard & Poor’s for its broad-based domestic equity funds. Historically, the SPDR ETFs offering exposure to U.S. stock markets had been a bit of a hodgepodge, with the ultra-popular SPY and MDY linked to S&P indexes (the S&P 500 and S&P MidCap 400, respectively), and Dow Jones indexes filling out the rest of the cap/style matrix. Effective last week, the following changes went into effect: [click to continue…]

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Charles Schwab has expanded its line of low cost ETFs from four to six, adding the Schwab U.S. Large-Cap Growth ETF (SCHG) and Schwab U.S. Large-Cap Value ETF (SCHV) to its lineup on Friday. Similar to the four funds launched in November, these large cap ETFs can be bought and sold commission free online in Schwab accounts. Schwab’s initial four funds had included a large cap (SCHX), broad market (SCHB), small cap (SCHA), and international equity (SCHF) ETFs. [click to continue…]

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Charles Schwab, one of the world’s best known and largest asset management firms, recently took another step towards finally breaking into the rapidly-expanding ETF industry. Earlier this month, Schwab filed paperwork with the SEC to launch nine ETFs. The proposed funds will have the benefit of the Schwab name (and the tremendous resources that come […]

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