1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies

Baron Funds Comments on The Charles Schwab Corp

February 20, 2014 | About:

Shares of The Charles Schwab Corp. (NYSE:SCHW) benefitted from favor able capital markets conditions. During the quarter, long-term interest rates moved higher in response to the Federal Reserve's tapering pronouncements. Schwab benefits from higher rates in several ways. The most significant is the potential for Schwab to reduce the fee waivers on its money market funds in a more normalized rate environment. This means Schwab would start recognizing highly profitable management fees on its money market funds, rather than rebating those fees back to shareholders. Schwab also benefitted from the rise in equity markets. Rising valuations of equity mutual funds result in higher management fees to Schwab.

From Baron Funds' fourth quarter letter 2013 to shareholders.


Rating: 1.0/5 (1 vote)

Comments

Please leave your comment:


GuruFocus has detected 4 Warning Signs with Charles Schwab Corp $SCHW.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.

User Generated Screeners


yasarkhana/c
rafamarferprice book
pbarker46Median ROC, PB max 4
dwilsherPiotroski score 7
Bogdan BednarskiPred, ETDA,PEPG
michaelgustitusdad
pbarker46Big cap, 9th decile yield
DBrizanMagic Cdn IN CDN 15Jan2017
DBrizanMagic Cdn 15Jan2017
slyestjesterjohn
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
FEEDBACK