Schwab Offers Commission-Free ETFs
Charles Schwab has launched eight new exchange-traded funds that offer Schwab clients commission-free online trading in addition to low operating expense ratios. Schwab debuted the first four ETFs on Tuesday, with the second four to follow in December. The first four are the Schwab U.S. Broad Market ETF, the Schwab U.S. Large-Cap ETF, the Schwab U.S. Small-Cap ETF and the Schwab International Equity ETF. The broad market and large-cap ETFs will have operating expense ratios of 0.08%, while the small-cap and international equity ETFs will have operating expense ratios of 0.15%.