Schwab Asset Management has launched the Schwab International Dividend Equity ETF (SCHY) on the NYSE Arca.
With an operating expense ratio (OER) of 0.14 per cent, the ETF is among the lowest cost ETFs providing exposure to international dividend equity securities.
“We are excited to bring our newest ETF to market for investors who are eager for additional choice in investment strategies that seek income,” says David Botset, SVP of Product Strategy for Schwab Asset Management. “We are committed to providing investors with products that can help them build well-diversified portfolios at great value, and we’re pleased to expand our line-up with this new international dividend ETF.”
The Schwab International Dividend Equity ETF seeks to track the total return of the Dow Jones International Dividend 100 Index and is the 26th ETF managed by Schwab Asset Management.