Fund Management
What's New In Investments, Funds? – Schwab Asset Management

The latest news in investment offerings, financial products and other services relative to wealth advisors and their clients.
Schwab Asset Management
Schwab
Asset Management has launched an actively managed
exchange-traded fund that generates income via US-based debt
securities such as corporate and government bonds.
The Schwab Core Bond ETF is expected to be listed on the New York Stock Exchange on or about February 5 this year, Schwab said in a statement this week. This is the second actively managed fixed income ETF from the Schwab stable since its rollout of the Schwab Ultra-Short Income ETF in August 2024.
The new ETF has an expense ratio of 0.16 per cent, which Schwab said is below the industry average of 0.4 per cent.
The ETF is based on the investment process used for the Wasmer
Schroeder Core Bond Separately Managed Account strategy that was
launched in January 2008. It will be managed by portfolio
managers who have supported the Wasmer Schroederâ„¢ strategies:
John Majoros, senior portfolio manager and co-head of SMA
strategies, and Brian Luedtke senior portfolio manager.
The managers will target attractive risk-adjusted returns using
qualitative and quantitative methods to manage a mixed portfolio
of bonds across different sectors.
As of September 30, 2024, Schwab Asset Management managed approximately $1.3 trillion on a discretionary basis and $40.7 billion on a non-discretionary basis.