Schwab appoints State Street to service ETFs

State Street will provide custody, fund accounting, fund administration and transfer agency services for the funds. Charles Schwab Investment Management senior vice president George Pereira says: "We appointed State Street as our service provider because they emerged as the clear leader for servicing our complex exchange-traded fund structures." He says Schwab's latest funds have low expense ratios and free trade commissions in Schwab accounts. State Street says it currently services nearly half of all ETF assets worldwide. The firm also recently launched its latest publication on ...