By Rachel Evans
(Bloomberg) -- Charles Schwab Corp. is stepping up its choices of fixed-income ETFs.
The San Francisco-based dealer’s asset administration arm is planning to start out three new merchandise centered on company bonds and Treasuries, nearly doubling the variety of debt exchange-traded funds it provides, regulatory filings present.
The choice marks a shift for Charles Schwab Funding Administration, which has largely ridden its equity-fund choices to grow to be the fifth-largest ETF issuer in the usMore than 84% of the $146 billion in Schwab ETFs is invested in shares. However with world bond ETFs surpassing $1 trillion this yr, debt funds are more and more vital for additional development.
The agency is eager to fill “gaps” in its fixed-income lineup, CSIM’s Jonathan de St. Paer mentioned earlier this yr earlier than taking up as chief govt in April.
The deliberate funds and their buying and selling tickers are:
Schwab Brief-Time period Company Bond ETF (SCHJ)
Schwab Intermediate-Time period Company Bond ETF (SCHI)
Schwab Lengthy-Time period U.S. Treasury ETF (SCHQ)
The agency didn’t disclose the meant administration charges.
To contact the reporter on this story:
Rachel Evans in New York at [email protected]
To contact the editors liable for this story:
Jeremy Herron at [email protected]
Brendan Walsh
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