LONDON – Charles Schwab’s investment returns to $2,000 per share after the Great Recession are up to $500 per share higher than they were a year ago, according to a new report.
The fund’s index-tracking website, Schwab Value, reported Monday that the value of the funds’ assets is up 5.4 per cent from last year to $5.7 billion.
The fund has a market value of $1.3 billion.
Schwab Investors is the world’s biggest publicly traded index fund, tracking the performance of stocks and mutual funds across more than 100 countries.
Schwab Investors also reports that its stock prices have risen by about 7 per cent this year to a peak of $17.45 on Jan. 3, up from $14.38 a year earlier.
Its price has dropped nearly a third in the past year.
The index fund’s return for the year, meanwhile, has risen from 5 per cent a year before to a record 11 per cent, a figure that is well above the 8.9 per cent average of its peers.
“The recent gains are driven by a combination of factors, including an improving global economy and a positive outlook for Europe, the United States, and Japan, and a growing belief that the Great Depression was an aberration and the US recovery is in full swing,” the fund’s CEO and founder, Charles Schwath, wrote in a note to investors.
Schlub has been one of the most prominent investors in the market since the start of the Great Crash of 1929, which plunged the US into recession, killing more than 50 million jobs.
It returned $4.6 billion in profit in 2010, after spending $6.2 billion.
Its portfolio has more than doubled to $42 billion, from $21 billion, as it bets on a variety of sectors including technology, finance, insurance, food and energy.
Its main asset, the pension fund, has a $2.6 trillion market value.