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Products May 2, 2008
Schwab Unveils Two Equity Offerings
Charles Schwab has launched two Laudus funds with Mondrian Investment Partners Limited that are designed for institutional investors.
Reported by Fred Schneyer
The Laudus Mondrian Institutional Emerging Markets Fund and the Laudus Mondrian Institutional International Equity Fund began operations April 25.
The Laudus Mondrian Institutional International Equity Fund will invest primarily in non-U.S. large capitalization equity securities. The Laudus Mondrian Institutional Emerging Markets Fund will invest primarily in large-capitalization securities in emerging markets, according to the company.
Both funds will follow Mondrian’s value-oriented process that seeks to identify undervalued securities the manager believes will provide strong returns over a full market cycle.
The two new offerings have an investment minimum of $1 million. Subject to the expense limitation agreement, the net expense ratio of the Emerging Markets Fund will be no more than 1.27%, and the net expense ratio of the International Equity Fund will be no more than 0.90%, Schwab said.