On 13 January 2011, the new Schwab ETF offerings commenced trading. The ETF offerings seek to track as closely as possible, before fees and expenses, the total return of the Dow Jones US Select REIT Index and the Dow Jones US Mid-Cap Total Stock Market Index.
As of December 31, 2010, Dow Jones US Select REIT Index had 82 securities and the Dow Jones US Mid-Cap Total Stock Market Index had 495 securities.
Schwab vice president of product management Tamara Bohlig said that individual investors, traders and advisors continue to demand ETFs at a low cost that can function as building blocks in their portfolios. The newest ETFs are part of Schwab’s ongoing commitment to offering broad exposure to core market segments at a compelling value.
