Schwab Supermarket Volume Inches up in May

Charles Schwab’s Mutual Fund OneSource fund supermarket volume of 55,700 transactions in May increased 1% from May 2002, but declined 3% from April 2003. Total trades of 199,600 during the month were up 11% from a year ago and up 13% from April 2003.

Although Schwab attracted $2.7 billion in net new assets last month, total assets of $833.5 billion remained flat from a year ago. That was an increase of 4% from April 2003.