Schwab Launches Three Low-Cost Bond ETFs Including TIPS Fund
Thursday, August 5th, 2010Michael Johnston submits:
By most accounts, Charles Schwab’s (SCHW) 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:
