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

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

Rating:Schwab Rolls Out Small Cap Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, May 29, 2003

Schwab Rolls Out Small Cap Fund

by: Sean Hanna, Editor in Chief

Charles Schwab has launched a new small-cap equity fund based on its proprietary stock rating system. Schwab launched its rating system last year after investors and regulators grew concerned over the independence of Wall Street analysts in wake of the Enron and WorldCom scandals.

The new fund is the fourth product that Schwab has based on the stock rating system in the past year. The San Francisco-based brokerage also launched the Hedged Equity Fund, Core Equity Fund and a managed account product (Personal Portfolio) that are based on the system.

Randy Merk, president of Charles Schwab Investment Management said that the fund is intended to fill an opening in Schwab's small-cap offering lineup by making available a fund based on its selection process.

"We see the rollout of this new fund as a way to further apply our ratings in a convenient mutual fund offering," said Merk. "There are a myriad of dynamic, entrepreneurial small companies that are being under-researched, and we will apply our Schwab Equity Rating process to help identify and tap into higher rated stocks for clients."

The Schwab Small-Cap Equity Fund will start operations on July 1 and has now entered a subscription period, which ends on June 30. The fund comes in two share classes. Investor Shares carry a 130 basis point expense ration and initial investment of $2,500. Select Shares, offer a reduced 112 basis point expense ratio and carry a $50,000 minimum.

Schwab is guaranteeing those expense ratios through February 28, 2005. The fund manager is Geri Hom, vice president and senior portfolio manager for Charles Schwab Investment Management. 

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2020: Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use