MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, July 23, 2010 Schwab Preps Three Bond ETFs Charles Schwab is eyeing an expansion of its newly-born ETF family. The San Francisco-based ETF-advisors and brokerage firm is prepping three fixed-income ETFs that will invest in various segments of the Treasury securities market. The move, which Schwab executives first told The MFWire was in the works last May, was formally revealed Friday through filings with the SEC. [SEC filing] The three ETFs are part of the Schwab Strategic Trust and will include Schwab U.S. TIPS ETF (SCHP ); Schwab Short-Term U.S. Treasury ETFt (SCHO) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR). Portfolio managers for the ETFs will include: Dustin Lewellyn, Matthew Hastings, Steven Chan, and Brandon Matsui. Each of the three ETFs will by listed on the NYSE Arca and be advised by Charles Schwab Investment Management and SEI Investments Distribution Co. is the distributor. The TIPS product will be indexed to the Barclays Capital U.S. Treasury Inflation Protected Securities (TIPS) Index and carry 14 basis points of management fees. Its creation unit will be set at $10 million compared to $5 million for each of the other two ETFs. The short-term Treasury ETF carries management fees of 12 bps and will track the Barclays Capital U.S. 3-10 Year Treasury Bond Index. Expenses on the intermediate Treasury ETF will be 12 bps and it will track the Barclays Capital U.S. 3-10 Year Treasury Bond Index. Printed from: MFWire.com/story.asp?s=32909 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |