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Schwab joins BlackRock and Legg Mason in filing to launch an ETF to challenge Pimco's MINT in...

Schwab joins BlackRock and Legg Mason in filing to launch an ETF to challenge Pimco's MINT in the actively-managed short maturity fixed-income area. Meant as a higher-yielding alternative to money market funds, MINT has garnered $2B in AUM since its 2009 launch. Its 0.35% fee will be challenged by BlackRock's 0.25% charge.
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