Charles Schwab Investment Management today announced that its suite of 15 equity and fixed income exchange-traded funds reached $10 billion in assets under management as of February 8.
Schwab's ETFs are part of the new $0 commission Schwab ETF OneSource. Eight of the funds now have a three-year track record and three Schwab ETFs have over $1 billion in assets under management, including the Schwab Broad Market ETF (SCHB), Schwab International Equity ETF (SCHF) and Schwab U.S. Large-Cap ETF (SCHX), according to the firm.
"For Schwab ETFs, what matters most is that we continue evolving to meet client demand for quality ETFs in key asset classes at an incredible value. And, we think that crossing the $10 billion mark in such a short period of time is just the beginning," stated Marie Chandoha, president of CSIM.