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 |
|
Wednesday, July 31, 2024 Schwab Enters the Active Fixed Income ETF Space The folks at a publicly traded brokerage's $1.2-trillion-AUM (as of March 31) asset management arm are building their first active bond ETF.
SCUS is a series of Schwab Strategic Trust. The planned, actively managed ETF comes with an expense ratio of 14 basis points. Schwab AM will serve as administrator and investment advisor to SCUS. The new fund's PM team will include: Jonathan Feske, senior portfolio manager; Linda Klingman, managing director; Michael Lin, senior PM; Karim Menoufy, PM; and Jonathan Roman, senior PM. Lafferty describes SCUS as "a notable addition to the Schwab famiy of ETFs as investors continue to seek out cost-effective,income-producing strategies to help diversify their portfolios. He claims that the new fund will be "the first actively managed offering in [Schwab's] fixed income ETF llineup. "We believe investors will benefit from our extensive credit research and portfolio management teams, along with the inherent features of an ETF. SCUS would be Schwab's 31st ETF and its 10th bond ETF. The fund will arrive about 13 months after another Schwab high yield bond ETF launched. The planned ETF's other service providers will include: Deloitte & Touche LLP as independent accounting firm; SEI Investments Distribution Co. as distributor; and State Street Bank and Trust Company as custodian, fund accountant, and transfer agent. Printed from: MFWire.com/story.asp?s=67724 Copyright 2024, InvestmentWires, Inc. All Rights Reserved |
