MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 9, 2009 Schwab Plans to Merge Two International Funds Charles Schwab is merging its Laudus Rosenberg International Equity Fund into the Schwab International Core Equity Fund, pending shareholder approval, an SEC filing revealed this month. Morningstar rates the nine-year-old Laudus fund's investor class one star, while the Schwab fund, started in 2008, is too new to have been rated. The Laudus fund claims assets of $56 million, while the Schwab fund has $39.3 million under management. The Laudus investor share class has an expense ratio of 161 bps, while its Schwab counterpart has a 110 bps ratio. The shareholder vote is scheduled for November 19, and if approved, the merge will take effect on December 3. Printed from: MFWire.com/story.asp?s=22898 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |