23.02.2009 - Schwab plunge into ETFs may open floodgates
From Investmentnews.com: Big-name mutual fund companies leery of jumping into exchange traded funds have finally received the signal that they need to make a major push into that arena. On Jan. 30, the investment management arm of The Charles Schwab Corp. filed with the Securities and Exchange Commission for exemptive relief to create its first ETF. "I think this is going to force ... a lot of the big mutual fund firms to move forward," said James Pacetti, president of ETF International Associates Inc., an industry consulting firm in New York..... Full Article: Source
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