MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, August 11, 2010 The New Kid on the ETF Block Stands Firm on its Strategy Industry insiders curious about how Schwab's ETF event went yesterday ( see the MutualFundWire's article) will find no shortage of media coverage about the Schwab-sponsored panel discussion, which brought together Schwabbies and bigwigs from BlackRock's iShares, State Street Global Advisors and Invesco PowerShares on the same stage. Here's a roundup of some of the media coverage: Reuters was among the news organizations that zeroed in on the commission-free angle. "There are no plans for any (commission fees)," Schwab senior vice president Peter Crawford told the wire service. "This is not just a three or six month thing." Financial-Planning had a similar angle. Meanwhile, Schwab is the subject of today's Wall Street Journal Fund Track, which carried comments from Crawford. The pub reported that the firm's eight stock-based ETFs have grown 38 percent this year, with AUM of $1.5 billion. Schwab last week rolled out three bond ETFs. InvestmentNews has an article containing panelists' views on market orders. For its part, Investment Adviser noted that the panelists at the event were in agreement that the ETF machine is showing no signs of waning. Printed from: MFWire.com/story.asp?s=33101 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |