Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:An $870B-AUM Firm Adds Its 30th ETF Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, July 13, 2023

An $870B-AUM Firm Adds Its 30th ETF

Reported by Neil Anderson, Managing Editor

The folks at a publicly traded brokerage's $870.2-billion-AUM (as of March 31) asset management arm are rolling out their 30th ETF, which is also their ninth bond ETF.

Omar Aguilar
Schwab Asset Management
CEO, Chief Investment Officer
The Charles Schwab Investment Management, Inc. (dba Schwab Asset Management [profile]) team launched the Schwab High Yield Bond ETF (SCYB on the NYSE Arca, Inc.) earlier this week, as expected. The debut comes after Nicohl Bogan, director of product strategy and development at Schwab AM, unveiled the new fund's pending launch on June 26. The fund's inception date was this past Tuesday, July 11.

SCYB is an index fund (aka a passively managed fund) and a series of the Schwab Strategic Trust. As of yesterday, the fund held about $25.3 million in AUM. The fund comes with an expense ratio of 10 basis points.

The new fund is designed to track the ICE BofA US Cash Pay High Yield Constrained Index, and ICE Data Indices, LLC serves as index provider. Schwab AM serves as SCYB's investment advisor, and the fund's PM team includes: Matthew Hastings, managing director and head of taxable bond strategies; Ryan Hook, senior portfolio manager; and Steven Hung, senior portfolio manager.

Bogan notes that the launch comes as "bond yields are attractive."

"We believe that, over the long-term, investors desire a low-cost, index-based approach to income, diversification and risk management in their portfolios," Bogan states, describing SCYB as "a timely addition" to Schwab AM's fixed income ETF lineup.

The new fund's other service providers include: Deloitte & Touche LLP as independent accounting firm; SEI Investments Distribution Co. as distributor; and State Street Bank and Trust Company as accountant, custodian, and transfer agent. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. 2024 ICI Leadership Summit, May 21-23
  2. MFDF webinar - Mutual Fund Director Compensation: the MPI Annual Survey (2024), May 21
  3. Schwab Institutional Investor Day, May 22
  4. IMEA webinar - Opportunities in the Evolving Wealth Management Market, May 22
  5. Raymond James 2024 Analyst & Investor Day, May 23
  6. WE SoCal - How to Lead With Impact: Fireside Chat With Lorraine Le, May 23
  7. MFDF Conference of Fund Leaders Forum, June 5
  8. MFDF in-person outreach: Continuing Regulatory Impacts on Fund Boards, June 11
  9. MFDF webinar - Digital Assets in the Fund Space (Part 1 of 2), June 12
  10. 2024 MMI Leadership Pathway Seminar, Jun 12-14
  11. 2024 Nicsa Fearless Leadership Symposium, June 12
  12. Expect Miracles East Coast Classic 2024, June 13
  13. MFDF webinar - Lessons Learned from the Regional Bank Volatility and the Impact on Registered Funds, June 18
  14. MFDF Director Discussion Series - Open Forum (Philadelphia), June 20
  15. New York YPEM Cornhole Classic, June 25
  16. Morningstar Investment Conference Conference 2024, Jun 26-27
  17. MFDF webinar - Mid-Year Tax Update for Registered Investment Companies, July 16
  18. MFDF Director Discussion Series - Open Forum via Zoom, July 17
  19. MFDF Director Discussion Series - Open Forum (New York), July 23
  20. 2024 MMI Annual Conference, Oct 15-17
  21. 5th Annual ETFGI Global ETFs Insight Summit, October 29
  22. MFDF webinar - Digital Assets in the Fund Space (part 2 of 2), November 7
  23. MFDF 2025 Directors' Institute, January 27 - 29, 2025
  24. MFDF 2025 Fund Governance & Regulatory Insights Conference, March 6 - 7, 2025




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use