A message from Schwab Asset Management’s CEO
At Schwab Asset Management, we are deeply saddened and concerned about the humanitarian tragedy and economic devastation affecting the people of Ukraine, Russia, and the surrounding areas. There are no words to describe the catastrophic situation we are witnessing, and it is impossible to understand what the people of Ukraine are experiencing.
Schwab Asset Management is following and meeting all economic sanctions put in place by the U.S. and other governments, and as such we have restricted direct purchases of Russian securities in all Schwab Funds, Schwab ETFs, and other client accounts. All of our investment strategies remain open for client activity. If you have specific questions, please consult your Schwab Asset Management representative, or visit schwabassetmanagement.com for the latest updates on how we are navigating the evolving regulatory requirements on your behalf. We are monitoring the situation closely and will continue to provide information and analysis as the situation develops.
Hope and help
Guessing where this all may lead is difficult. Like many of you, we are searching for ways we can help while we hold out hope for an end to the situation. The number of Ukrainians forced to flee their homes continues to increase, driving the need for humanitarian efforts as they seek shelter, medical help, food, clean drinking water and sanitation.
To provide an avenue for our employees to try to make a difference, the Charles Schwab Foundation has enacted a special double match for contributions from Schwab employees to nonprofits delivering aid and humanitarian support in Ukraine and neighboring countries.
If you are looking for ways to help, you can find information and a list of charities responding to the conflict from Schwab Charitable and the Center for Disaster Philanthropy.
Omar Aguilar, Ph.D.
Chief Executive Officer and Chief Investment Officer