Charles Schwab introduces thematic stock lists
Charles Schwab today announced the launch of thematic stock lists, a new resource designed for self-directed investors who want to invest in stocks aligned with their personal interests and values.
Using Schwab’s thematic stock lists – one of the largest theme-based stock list resources available in the industry today – clients can easily view potential investments from a list of 45 different thematic categories and approximately 900 total companies representing a range of trends including data advancement, medical breakthroughs, and environmental innovation. Schwab’s thematic stock lists are available to clients for no additional fee on Schwab.com and the Schwab mobile app.
While most thematic stock lists available today rely on third-party research sources, Schwab’s thematic stock lists are built using a sophisticated proprietary algorithm. Schwab’s algorithm uses natural language processing (NLP) to mine terabytes of data and millions of public documents, such as patent grants, clinical trials, and regulatory filings to objectively identify publicly traded companies based on their relevance to a particular investment theme.
The algorithm can quickly ingest thousands of pages of text and quantify thematic relevance for companies – a task that might take an investor multiple days to accomplish on their own.
Schwab’s thematic stock lists take traditional sector research a step further, including companies across multiple sectors and industries that are relevant to a single theme. As a result, investors can view companies by the exposure they offer to a range of prominent current trends, as opposed to simply by sector and size.
For example, Schwab’s “Robotic Revolution” thematic stock list includes a variety of companies from across different sectors like industrials, healthcare, and information technology that are building and using robotic solutions for manufacturing, logistics, and medical services.
Additional available themes include Blockchain, Cyber Security, Renewable Energy, Social Networking, Genomics, Online Gaming, Pet Passion, and Space Economy.
All of Schwab’s thematic stock lists are available on Schwab’s new online thematic investing hub. On the hub, clients can learn more about thematic investing and view individual themes.