ETF News: Two New ETFs From Schwab; T. Rowe Price Prepares

Schwab Investment Management announced December 11 that it has launched two new exchange traded funds to join its four other low-priced ETFs that feature no commissions on trades for Schwab customers. The two new funds, each with expense ratios of 0.15%, that began trading on December 11 are the Schwab U.S. Large-Cap Growth ETF (SCHG) and the Schwab U.S. Large-Cap Value ETF (SCHV). The first four Schwab ETFs–U.S. Broad Market (SCHB), U.S. Large-Cap (SCHX), U.S. Small-Cap (SCHA), and International Equity (SCHF)–were launched November 3 by the investment management arm of Charles Schwab Corp.

Charles Schwab Investment Management (CSIM) said the four ETFs launched November 3 had already attracted $209 million as of December 9, with average daily trading volume across the four ETFs of 555,000 shares since their inception.