On October 9, 2024, Schwab Asset Management will implement forward share splits for 20 of its ETFs, which will reduce NAV per share while increasing the outstanding shares.
The forward splits will not affect the total investment value for shareholders, ensuring that their overall financial standing remains unchanged post-split.
Schwab Asset Management, managing approximately $1.2 trillion in discretionary funds, emphasizes a client-centric approach in its investment strategies.
With a commitment to innovation, Charles Schwab aims to empower individual investors, highlighting a history of challenging norms in the investment industry.
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