Schwab Launches SAEF, the Schwab Ariel ESG ETF

This month, Schwab Asset Management, the asset management arm of The Charles Schwab Corporation, announced the launch of the Schwab Ariel ESG ETF (SAEF), an active, semi-transparent (also known as non-transparent) ETF that invests in small- and mid-cap stocks that have been screened based on environmental, social, and governance (ESG) factors. Today is expected to be the first day of trading.