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Rating:Schwab Grows its Own Funds Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, October 17, 2005

Schwab Grows its Own Funds

by: Theresa Sim

Charles Schwab's proprietary fund assets continued to grow faster than its non-proprietary fund assets. The discount brokerage reported total assets in OneSource funds of $131 billion for the quarter ended September 30, up 14 percent from the same period last year, but stagnant from the quarter before.

Schwab's proprietary fund assets (including its "Schwab" and "Excelsior" branded funds) totaled $161 billion, up six percent from the previous year and three percent from $156 billion in the previous quarter.  

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