Schwab Launches First Actively Managed Fixed Income ETF, Schwab Ultra-Short Income ETF
Portfolio Pulse from Benzinga Newsdesk
Schwab has launched its first actively managed fixed income ETF, the Schwab Ultra-Short Income ETF, which will start trading on August 13. The ETF has a 0.14% expense ratio, which is below the industry average, and provides access to U.S. dollar-denominated investment-grade, short-term bonds.
July 30, 2024 | 12:06 pm
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Schwab has introduced its first actively managed fixed income ETF, the Schwab Ultra-Short Income ETF, with trading set to begin on August 13. The ETF features a competitive 0.14% expense ratio and targets U.S. dollar-denominated investment-grade, short-term bonds.
The launch of a new ETF, especially one with a competitive expense ratio, is likely to attract investor interest and potentially increase trading volume and inflows for Schwab. This could positively impact Schwab's stock price in the short term.
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