Unit of Charles Schwab to Launch new Equity Fund
Charles Schwab US Trust Company and US Trust Company have announced plans
to launch an equity fund. The proposed fund, an equity core fund seeks
to provide investors in the fund with a total return through long-term
capital appreciation. The filling was made with the US Securities and
Exchange Commission’s office.
About the new Equity Fund
The new equity core fund as the name suggests would focus on undervalued
stocks of US companies, with growth potentials. Fund managers and Advisers
of the new equity fund hopes to achieve diversification in the fund by
investing on a broad spectrum of companies, and sectors particularly small
to midsize companies which show some high growth inclination.
A team of fund managers would be making investment decisions for the
new equity core fund, according to the filling papers. The new equity
fund would charge 0.75% for management fees while fees for other expenses
would be in the 0.47% range.
No minimum investment limits have been established for institutional
investors, the statement added, it is however unclear if such would be
the case for individual investors. The Schwab unit and US Trust Company
are both based in Oaks Pennsylvania.
Paul Oranika
Editor-in-Chief
Hedgeco.net
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