Schwab Launches Three Low-Cost Bond ETFs

By most accounts, Charles Schwab’s venture into the ETF industry has been an extremely successful one. After launching its first fund in late 2009, the firm has subsequently rolled out seven additional equity ETFs offering exposure to all corners of the domestic and international equity markets. At the end of July, Schwab ETFs had $1.4 billion in assets, up more than 300% from the end of last year. Now Schwab is wading into the fixed income ETF waters, announcing today the launch of three bond funds: U.S. TIPS ETF (SCHP): This ETF will track the performance of the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L), a benchmark comprised of publicly-issued Treasury inflation-protected securities with at least one year remaining until maturity. That’s the same benchmark tracked by TIP, the ultra-popular iShares fund with more than $20 billion in assets. Short-Term U.S. Treasury ETF (SCHO): This ETF offers exposure to [...] Click here to read the original article on ETFdb.com. Related Stories: Schwab Planning TIPS, Treasury ETFs Schwab Launches Two Large Cap ETFs iShares Launches Muni Bond ETFs