NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the Schwab International Small-Cap Equity ETF (Ticker: SCHC) and the Schwab Emerging Markets Equity ETF (Ticker: SCHE). The funds are advised by Charles Schwab Investment Management.
Schwab International Small-Cap Equity ETF
The fund’s goal is to track as closely as possible, before fees and
expenses, the total return of the FTSE Developed Small Cap ex-US Liquid Index,
which is comprised of small capitalization companies in developed countries
outside the United States
, as defined by the index provider. The index defines the small capitalization
universe as approximately the bottom 10% of the eligible universe with a minimum
free float capitalization of $150 million. As of June 30, 2009,
the index was composed of 1,820 stocks in 23 developed market countries.
Schwab Emerging Markets Equity ETF
The fund’s goal is to track as closely as possible, before fees and
expenses, the total return of the FTSE All-Emerging Index, which is comprised of
large and mid capitalization companies in emerging market countries, as defined
by the index provider. The index defines the large and mid capitalization
universe as approximately the top 90% of the eligible universe. As of June 30, 2009,
the index was composed of 824 stocks in 23 emerging market countries.
