Schwab Adds To ETF Lineup with SCHC and SCHE

Charles Schwab continued its aggressive entry into the ETF business with two additions to the lineup yesterday (1/14/09).  Schwab International Small-Cap Equity (SCHC) and Schwab Emerging Markets Equity (SCHE) began trading yesterday, with more volume in the first hour than some ETFs show in a month. Like other Schwab ETFs, SCHC and SCHE are eligible for commission-free online trading in Schwab brokerage accounts.   This was no doubt a factor in Schwab’s ability to attract $348 million into its ETFs in less than two months.  As we noted back in November, Schwab has created a watershed event for the industry.  Competitors will have to respond…