Back in February, Charles Schwab announced what we called an "ETF Game Changer" - the launch of Schwab ETF OneSource. On our most recent radio broadcast, Eric Pollackov, Managing Director of ETFs at Charles Schwab, joined us to offer his thoughts on this new ETF platform and also discuss some exciting new "fundamental" ETFs that Schwab has in registration. We also chatted about Schwab's core lineup of inexpensive, broad-based ETFs and why investment costs have become an even bigger concern for investors over the last several years.
In addition to our conversation with Eric, we spent a good chunk of the show offering a nice refresher on how Exchange Traded Funds compare to mutual funds or even individual stocks and bonds. We explained how ETFs can potentially lower your investment costs, offer greater tax efficiency, allow for more diversification, and remove the risk of mutual fund manager underperformance. We also fielded our "Listener Question of the Week" and spotlighted one of the aforementioned Schwab core ETFs - the Schwab U.S. Mid-Cap ETF (ticker SCHM).