Shares of Royal Bank of Scotland Group PLC (NYSE:RBS) ended Tuesday session in red amid volatile trading. The shares closed down -0.19 points or -3.48% at $5.27 with 1.73 million shares getting traded. Post opening the session at $5.34, the shares hit an intraday low of $5.24 and an intraday high of $5.35 and the price vacillated in this range throughout the day. The company has a market cap of $30.30 billion and the numbers of outstanding shares have been calculated to be 11.76 billion shares.
Royal Bank of Scotland Group PLC (RBS) provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide. The company operates through Personal & Business Banking (PBB), Commercial & Private Banking (CPB), Corporate & Institutional Banking (CIB), Capital Resolution, Williams & Glyn, and Central Items & Other segments. It offers various traditional retail banking products, including current and savings accounts, residential mortgages, credit cards, loan products, and investment services. The Royal Bank of Scotland Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.
Shares of Charles Schwab Corp (NYSE:SCHW) ended Tuesday session in red amid volatile trading. The shares closed down -0.54 points or -1.73% at $30.73 with 8.76 million shares getting traded. Post opening the session at $31.32, the shares hit an intraday low of $30.41 and an intraday high of $31.47 and the price vacillated in this range throughout the day. The company has a market cap of $41.04 billion and the numbers of outstanding shares have been calculated to be 1.32 billion shares.
On August 25, 2016 Charles Schwab Investment Management (CSIM), a leader in both target date funds (TDFs) and exchange-traded funds (ETFs), announced the launch of Schwab Target Index Funds – a new series of index-based target date mutual funds constructed with low-cost Schwab ETFs™ as underlying investments. The new funds are the lowest-cost target date mutual funds available to employer-sponsored retirement plans, with an across-the-board expense ratio of just eight basis points (0.08%) and no minimum investment requirements regardless of plan size1. Until now, receiving the most competitive pricing on target date funds could require a $100 million minimum investment or more from retirement plans.
Outside of retirement plans, Schwab Target Index Funds are also among the lowest-cost target date mutual funds available to individual investors at 13 basis points (0.13%) with only a $100 minimum investment.
The new series includes funds with target retirement dates between 2010 and 2060 in five-year increments. A complete list of Schwab target date mutual funds, including the new funds and their ticker symbols, can be found here.
Schwab Target Index Funds are an important addition to Schwab’s well-established TDF suite, first launched in 2002, which includes mutual funds and collective trust funds, open architecture construction and active and passive strategies.