Schwab Debuts Cheapest Ever Bond ETF (SCHZ)

Schwab was a latecomer to the ETF industry, launching its first products years after companies such as iShares and Vanguard had established themselves as pioneers in the space. But Chuck has been aggressive in playing catch-up, introducing commission-free ETF trading (a move many others have since replicated) and rock bottom expense ratios to attract cost conscious investors. Today the company rolled out the Schwab U.S. Aggregate Bond ETF (SCHZ), a new offering in the Total Bond Market ETFdb Category that will compete directly with existing funds from iShares, Vanguard, and State Street. The new ETF will seek to replicate the Barclays Capital U.S. Aggregate Bond Index, a broad-based benchmark that measures the performance of investment grade U.S. debt. The index underlying SCHZ includes Treasuries, mortgage-backed securities, investment grade corporate debt, and securities issued by agencies of the U.S. government. SCHZ is the fourth ETF seeking to replicate that bond index, [...] Click here to read the original article on ETFdb.com. Related Posts: Ten New Years’ Resolutions For ETF Investors Ten Commandments Of ETF Investing ETF Investors Are Embracing Low Cost Options…Or Are They? For ETF Investors, The Details Matter (Part II) December ETF Roundup: $1 Trillion And Counting