- Schwab Stock SlicesTM is an easy way to buy fractional shares for a set dollar amount
- UK investors can use Schwab Stock Slices to invest in any of America's leading companies in the S&P 500® for as little as $5, with no commission for online trades
- Investors can choose from up to 30 slices each time they place an order through Schwab
- Charles Schwab’s investing platform allows UK investors to buy US listed stocks with $0 online trade commission and a $0 minimum to open an account
Charles Schwab, one of the world's largest investment brokers, with 35.4 million active brokerage accounts, is launching Schwab Stock SlicesTM for UK investors.
Stock slices are fractional shares that allow investors to own part of a share of a listed S&P 500 company, and are rising in popularity amongst retail investors as a more affordable way to invest in leading companies. Using Schwab Stock Slices, UK investors will now have the ability to invest in some of America's most successful companies for as little as $5, even if their full shares cost more. The service is highly customisable, giving investors the freedom to choose from up to 30 slices each time they place an order. As fractional share owners, Schwab customers will receive dividends from the companies they invest in, proportionate to the percentage of the share they own.
The launch of Schwab Stock Slices follows retail investors’ sustained engagement in equity markets in recent months. The latest Schwab Trading Activity Index revealed Schwab clients were net buyers of equities in April amid market volatility. Popular names bought by Schwab clients during the period included NVIDIA Corp. (NVDA), Advanced Micro Devices (AMD), Super Micro Computer Inc. (SMCI), Amazon.com Inc. (AMZN), and Microsoft Corp. (MSFT).
Richard Flynn, UK Managing Director at Charles Schwab, said: “Schwab Stock Slices are designed to make it much more affordable for UK retail investors to expand their investment options in the US market. We believe our platform provides one of the most affordable and insightful ways to invest in American businesses. Our new stock slices service, when combined with our $0 online trade commission, makes investing in the world’s largest economy easily accessible for all UK investors. The transaction volume, market capitalisation, and number of listed companies make the US market a unique and attractive option for international investors.”
