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Schwab sees significant third-quarter ETF growth

Posted on 24 October 2013

Charles Schwab is seeing more of its clients warm to exchange traded funds as investors are embracing equity funds while departing some bond and commodity plays. At the end of the third quarter, ETF assets custodied at Schwab reached $179 billion, up 22% on a year-over-year basis, a clip that is enough to outpace industry growth of 19%, Schwab said in its third-quarter Investor Snapshot released Wednesday.
Retail Traders captured 6% of the 12-month ETF Flows, while retail investors and RIA Clients split the remaining 94%. U.S. and International Equity ETFs represented almost 90% of the ETF flows in Q3, a consistent trend across all client segments, according to Schwab data………………………………………..Full Article: Source


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