The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Schwab Launches Four Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, June 04, 2002

Schwab Launches Four

by: Tony Pennino

Charles Schwab is introducing its Schwab MarketMasters Funds, a spokesperson with the firm told the MutualFundWire.com. These are designed to be multi-manager funds managed by the firm and sub-advised by other independent investment managers. The new offerings are available this week.

"They are designed to be 'manager-of-manager funds', so to speak," the spokesperson reported. "They are taking the place of our MarketManager portfolios, which were more funds-of-funds." In the MarketMasters Funds, Schwab allocates assets across the multiple investment managers. Schwab contends that it continually monitors those managers as well.

The firm is of the opinion that this new suite will offer heightened diversity across the asset classes and investment style spectra. Schwab executives will select the investment managers but also continue to work with them to ensure that investment styles are complimentary.

"Schwab chose investment managers through a stringent and rigorous qualitative and quantitative review process," opined Jeff Mortimer, vice president and senior portfolio manager at Schwab. "We measured each manager's performance against peers and benchmarks, with a focus on investment discipline, overall experience and strong long-term performance in varying market conditions. Some of the investment managers selected run mutual funds that are closed to new investments or manage only institutional assets, meaning the MarketMasters Funds offer access to individual investors that they otherwise would not have."

Here is how the sub-advisors break down:
  • Schwab International MarketMasters Fund (SWOIX): American Century, Artisan Partners, Harris Associates, and William Blair.
  • Schwab Small-Cap MarketMasters Fund (SWOSX): Royce & Associates, TCW, Tocqueville Asset Management, and Veredus Asset Management.
  • Schwab Balanced MarketMasters Fund (SWOBX): Aronson + Partners, Berger Financial Group, Perkins, Wolf, McDonnell & Co., Eagle Asset Management Inc., and PIMCO.
  • Schwab U.S. MarketMasters Fund (SWOGX): Eagle Asset Management, Harris Associates, TCW, and Thornburg Investment Management.

See the list of all the 2002 Most Influential People

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use