Products October 20, 2011
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.
Reported by PLANADVISER staff
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.