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Westlake, Texas-(Business wire)-Charles Schwab Corporation’s Asset Management Division, Schwab Asset Management, today announced the launch of the Schwab Crypto Theme ETF (NYSE Arca: STCE). The first day of trading is expected to be around August 4, 2022. The fund is designed to track Schwab Asset Management’s new and unique index, the Schwab Crypto Thematic Index, which provides investors with global exposure to companies that may benefit from development. Use of cryptocurrencies and other digital assets. With an annual operating expense ratio of 0.30%, STCE will be the lowest cost crypto-related ETF available to investors today.1
David Bottomset, Head of Equity Product Management and Innovation at Schwab Asset Management, said: “The Schwab CryptoThematic ETF seeks to provide access to a growing global crypto ecosystem, along with the transparency and low cost benefits investors and advisors expect from Schwab ETFs.”
The goal of the Schwab Crypto Thematic ETF is to track the total return of the Schwab CryptoThematic Index as closely as possible before fees and expenses. Developed by Schwab Asset Management’s Thematic Research team, this index leverages a powerful combination of human insights. Artificial intelligence technology acquired through the acquisition of Motif, a leader in thematic investment. A systematic model for identifying, selecting, measuring, and weighting companies based on their relevance to crypto-related themes.
The index does not directly track or invest in cryptocurrencies. Rather, it is designed to provide global exposure to companies that may benefit from one or more of their following business activities: a consensus mechanism for direct or other investment (mining and staking). Assets that facilitate the verification of (such as) or the trading of cryptocurrencies and other digital; enable the use of cryptocurrencies or other digital assets to buy or sell goods or services. Develop, distribute, or implement blockchain or other distributed ledger technology applications, including new cryptocurrencies and digital assets.
ETF’s 5th Largest Provider2, Schwab Asset Management has over 10 years of experience in managing ETFs and has a strong capital markets team that plays an important role in ensuring that Schwab ETFs work efficiently. Schwab also has a long history of indexing with the launch of its first proprietary index, the Schwab 1000 Index.1991.
About Schwab Asset Management
One of the largest and most experienced asset managers in the industry, Schwab Asset Management is a competitively priced ETF, investment trust, designed to meet the core needs of most investors. We also offer a focused lineup of individually managed account strategies. By doing business from the client’s perspective and putting it at the center of decision making, we aim to provide an outstanding experience for investors and financial professionals servicing their clients. As of June 30, 2022, Schwab Asset Management managed approximately $ 575.9 billion on a discretionary basis and $ 34.4 billion on a non-discretionary basis. For more information, please visit the following URL: www.schwabassetmanagement.com..
About Charles Schwab
At Charles Schwab, we believe in the power to invest to help individuals create a better tomorrow. We have a history of challenging the status quo of the industry, innovating in ways that benefit investors and the advisors and employers who serve them, and defending our clients’ goals with passion and integrity.
For more information, please visit the following URL: www.aboutschwab.com..follow me twitter, Facebook, YouTube When LinkedIn..
Disclosure:
Investors should carefully consider the information contained in the prospectus, or, if available, a summary of the prospectus, including investment objectives, risks, fees and costs. To obtain a prospectus, or a summary prospectus if possible, visit the following website: schwabassetmanagement.com/prospectus.. Please read carefully before investing.
Investor shares may be more or less valuable than their original cost if redeemed or sold, as the rate of return on investment fluctuates and is affected by market volatility. Unlike investment trusts, ETF shares cannot be exchanged directly for ETFs. ETF shares are bought and sold at market prices higher or lower than their net asset value (NAV).
The fund does not invest directly in cryptocurrencies or digital assets. Invest in companies listed on the Schwab Crypto Thematic Index and benefit from the development and use of cryptocurrencies (including Bitcoin) and other digital assets, as well as business activities related to blockchain and other distributed ledgers. Technology designed to provide global exposure to potential companies.
Since the fund is not diversified, it may invest in securities from a relatively small number of issuers. As a result, a single unfavorable economic or regulatory event can have a greater impact on the fund’s investment, and the fund can experience increased volatility.
Technologies related to digital assets, including blockchain, are new and evolving, and the risks associated with digital assets may not fully manifest until the technology is widely used. In addition, the value of the company contained in the fund may not reflect its relationship to digital assets, but may be based on other business operations or areas of business. In other words, the performance of such a company is its respective activity related to digital assets.
The fund invests in a thematic securities portfolio and its performance can suffer if such themes are not identified correctly or if the themes evolve in unexpected ways. Performance can also be compromised if the securities included in the index do not benefit from the development of such a theme.
International investment carries additional risks such as differences in financial accounting standards, currency fluctuations, geopolitical risks, foreign taxes and regulations, and the potential for illiquid markets. Investing in emerging markets may highlight these risks.
The Schwab Crypto Thematic Index was developed by Charles Schwab Investment Management, Inc. and is designed to provide global exposure to companies that may benefit from one or more of the following business activities: Mining or staking), investing or trading in cryptocurrencies or other digital assets. Allows you to buy and sell goods and services using cryptocurrencies or other digital assets. Alternatively, develop, distribute, or implement blockchain or other distributed ledger technology applications, including new cryptocurrencies and digital assets. See below for a complete and up-to-date indexing technique. schwabassetmanagement.com/products/stce..
Schwab Asset Management is the dba name of Charles Schwab Investment Management, Inc. (CSIM), an investment advisor to Schwab ETF. Schwab ETFs are distributed by SEI Investments Distribution Co. (SIDCO). Schwab Asset Management is an independent affiliate and subsidiary of Charles Schwab Corporation and is not affiliated with SIDCO.
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1 Source: June 30, 2022, based on an ETF focused on cryptography within the “Digital Economy” niche category of ETF.com ECS.
2 Source: etfdb.com, “ETF Issuer AUM League Table”, July 18, 2022.
