EP 141: Schwab Asset Management Launches First Proprietary ESG ETF

In November 2021 the Schwab Ariel ESG ETF began trading on the NYSE under the symbol SAEF. Malik Sievers, Head of ESG strategy at Schwab Asset Management talks about their first-ever proprietary ESG ETF and its collaboration with Ariel Investments, LLC, the fund’s sub-adviser and a pioneer in ESG and value-based investing. The ETF market is growing rapidly in the U.S, with almost $3.9 trillion invested as of June 2021. Sievers and I talk about opportunities in 2022 to launch additional proprietary ESG funds as well as the 20-year partnership between Schwab Asset Management and Ariel Investments that promotes financial literacy across middle-class Black American communities.