Charles Schwab (SCHW) has many of the core asset classes covered in its lineup of exchange traded ETFs. Now they’re ready to branch out and they’re taking on the popular fixed-income space.
Schwab has filed with the SEC to offer three U.S. Treasury ETFs, including one designed to protect investors from the ravages of inflation. Oliver Ludwig for Index Universe reports that the funds include the Schwab U.S. TIPS ETF, the Schwab Short-Term U.S. Treasury ETF and the Schwab Intermediate-Term U.S. Treasury ETF, according to the filing.
The details such as expense ratios and ticker symbols have not been disclosed. Schwab’s entry into fixed-income may be well-planned. Their existing ETFs have gathered more than $1 billion in assets, and its ETF-based advisory platform program used by Schwab advisors grew to $551 million by the end of the first quarter since its launch in January.