Charles Schwab & Co. today introduced the Schwab Hedged Equity Fund, its second new product to use the Schwab Equity Ratings system, new ratings software that grades stocks A through F based on a number of factors including industry exposure and risk management [see MFMN 8/5/02].

The fund went into subscription on Aug. 6 and will continue collecting assets until Aug. 30 before beginning operations on Sept. 3. The initial minimum investment in the fund is $25,000, with additional minimum investments of $5,000.

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