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 |
|
Tuesday, April 19, 2011 Watch For a New Schwab Bond ETF Fundsters in the ETF side of the business may want to keep an eye out for the next ETF from Schwab [see profile]. On Friday the San Francisco-based brokerage giant filed to launch the Schwab U.S. Aggregate Bond ETF [see filing]. A spokeswoman for Schwab declined to comment for this story, citing the quiet period for the filing. The new ETF, which Schwab aims to launch in July and for which Schwab has not yet revealed an expense ratio, will track the Barclays Capital U.S. Aggregate Bond Index. PM Steven Chan, managing director Matthew Hastings, managing director Steven Hung, managing director Steven Hung, PM Brandon Matsui and managing director Alfonso Portillo will co-PM the fund. SEI will be the new ETF's distributor, State Street will be its transfer agent and custodian and fund accountant, Pricewaterhouse Coopers will be its independent accounting firm and Dechert will be its legal counsel. Printed from: MFWire.com/story.asp?s=36586 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |