$95 Billion Dividend ETF May Not Be As Safe As It Looks
Schwab U.S. Dividend Equity ETF is seeing heavier flows as investors rotate into income plays and cheaper stocks after tech’s pullback. The fund, with the SCHD ticker and $95 billion in assets, has become a go-to for this defensive trade. Still, SCHD’s top holdings carry more weight than you’d expect from a 103-stock portfolio. S&P 500 dropped 2.64% on Friday. Nasdaq shed 4.18%. Semiconductors had their worst day since March 2020. Stronger-than-expected jobs data unnerved investors again, raising fears that the Fed might tighten policy. Reuters