The latest ETF launch from Schwab seeks to replicate the Barclays Capital US Aggregate Bond Index, which is a broad-based benchmark measuring the performance of investment grade US debt.
The Schwab US Aggregate Bond ETF (SCHZ) is a new offering in the Total Bond Market ETFdb Category. The index underlying SCHZ includes Treasuries, mortgage-backed securities, investment grade, corporate debt and securities issued by US government agencies. The securities in the index must be fixed rate, non-convertible, US dollar denominated with at least $250m or more of outstanding face value and have one or more years remaining to maturity. This new launch is the fourth such ETF replicating this particular bond index - the other three companies being iShares (AGG), State Street (LAG) a...
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