Scottrade is scheduled to launch 15 equity-index exchange-traded funds Wednesday through its recently acquired FocusShares subsidiary. The Focus Morningstar ETFs will track Morningstar indexes and offer the lowest expense ratios in their categories, Scottrade said. The expenses range from 0.05% for large-cap and index ETFs to 0.19% for most of the sector ETFs. The funds include 11 sector ETFs, large-cap, mid-cap and small-cap ETFs and a broad stock market fund. The ETFs will be marketed directly to Scottrade clients and through advisers who participate in Scottrade Advisor Services.
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