Schwab Asset Management announced on November 7, 2024, the upcoming launch of the Schwab Mortgage-Backed Securities ETF (SMBS). The new ETF is expected to begin trading on or about November 19.
This addition will expand Schwab's lineup of exchange-traded funds, providing investors with another option for fixed income exposure. The launch reflects the company's strategy to offer a diverse range of investment products.
The SMBS ETF aims to cater to investor demand for specialized fixed income strategies within an accessible ETF structure.
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