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Schwab Launches Target Funds to Tap Retirement Market

Charles Schwab (SCHW) has a new target in the battle for your retirement dollars. Schwab is launching Schwab Target Index Funds, the lowest-cost target date funds available to retirement plans, with an across-the-board expense ratio of eight basis points and no minimum investments, regardless of plan size.

Prior to the introduction of Schwab Target Index Funds, the most competitive pricing for target date funds (TDFs) could require minimums of $100 million or more. "There is a laser focus on fees and this levels...


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