Schwab Sees ‘Gaps’ in Its Bond ETF Lineup That It Wants to Close
- The asset manager has sold only one new ETF since 2013
- Four of its 22 ETFs focus on fixed-income securities
Pedestrians pass in front of a Charles Schwab Corp. office building in New York.
Photographer: Gabriella Angotti-Jones/BloombergThis article is for subscribers only.
Watch the fixed-income space if you want to see a new exchange-traded fund from Charles Schwab Corp.
The fifth-largest issuer of ETFs in the U.S., which has started just one ETF in the last five years, sees some holes within its lineup of bond strategies, according to Jonathan de St. Paer, president and incoming chief executive of the broker’s asset management arm, Charles Schwab Investment Management.