Charles Schwab Launches ETF

Charles Schwab has licensed a Dow Jones U.S. Dividend 100 Index to underlie the Schwab U.S. Dividend Equity ETF. 

The exchange-traded fund (ETF) will trade on the NYSE Arca.

The Dow Jones U.S. Dividend 100 Index has also been launched. It is designed to measure the stock performance of high-dividend-yielding U.S. companies with a record of consistently paying dividends, selected for fundamental strength relative to their peers based on financial ratios.