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Baron Funds Comments on Charles Schwab

May 24, 2012 | About:
Holly LaFon

Holly LaFon

277 followers
From Baron Funds first quarter letter: Shares of The Charles Schwab Corp. (SCHW), an online broker, gained 28.2%.After a rough 2011, Schwab is up strongly as investors start to price in the possibility that interest rates may rise sooner than 2014 as promised by the Federal Reserve. Rising rates should help raise Schwab's net interest margin, reduce fee waivers and boost earnings power.We like Schwab because of its best-in-class platform and its effort to move investors' assets into higherfee, longer-duration active management. (Rob Susman)

Rating: 3.0/5 (6 votes)

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