Schwab launches two low-cost ETFs

The Schwab US Large Cap Growth ETF and the US Large Cap Value ETF both have an expense ratio of 0.15%, which Schwab claims is among the lowest in the market. The funds join Schwab's inaugural range of four ETFs tracking US and international equity indices, unveiled in early November. The firm's first offering has accrued $209m in assets under management, while trading volume across the four funds has averaged 555,000 shares a day since inception. Charles Schwab senior vice president Peter Crawford says: "These two new ETFs allow investors to tilt their portfolios based on whichever...