Charles Schwab Adds 6 New Flavors To Their 'Vanilla' Index ETF Offerings

Charles Schwab appears to be capitalizing on this hot investment trend.

Schwab has unveiled six new Schwab Fundamental Index ETFs will begin trading next week. These ETFs will track the Russell Fundamental Index Series.

Market-cap weighted indexes are often criticized for focusing on popular stocks. The argument for fundamentally weighted strategies is that they are more objective and draw on fundamentals like adjusted sales, cash flow and so on.

First a quick look at the six ETFs that will be available to investors commission-free, online in Schwab accounts starting August 15.

1. Schwab Fundamental U.S. Broad Market Index ETF (FNDB) - Seeks to track the Russell Fundamental U.S. Index
2. Schwab Fundamental U.S. Large Company Index ETF (FNDX) - Seeks to track the Russell Fundamental U.S. Large Company Index
3. Schwab Fundamental U.S. Small Company Index ETF (FNDA) - Seeks to track the Russell Fundamental U.S Small Company Index
4. Schwab Fundamental International Large Company Index ETF (FNDF) Seeks to track the Russell Fundamental Developed ex-U.S. Large Company Index
5. Schwab Fundamental International Small Company Index ETF (FNDC) - Seeks to track the Russell Fundamental Developed ex-U.S. Small Company Index
6. Schwab Fundamental Emerging Markets Large Company Index ETF (FNDE) - Seeks to track the Russell Fundamental Emerging Markets Large Company Index

"These ETFs add a new flavor to our 'pure vanilla' ETF market-cap line-up and further demonstrate our commitment to offering core products that help investors build their portfolios and potentially achieve better outcomes," Marie Chandoha, president of Charles Schwab Investment Management (CSIM) said in a press release.

The ETFs will be added to Schwab ETF OneSource platform.