The Schwab Mortgage-Backed Securities ETF (SMBS) began trading on November 19, 2024. This marks the official launch of the new fixed income product from Schwab Asset Management.
The SMBS ETF is designed to provide investors with exposure to mortgage-backed securities within an exchange-traded fund structure. This expands the range of investment options available to Schwab clients.
The commencement of trading for SMBS reflects Schwab's ongoing efforts to diversify its product lineup and cater to various investor needs in the fixed income market.
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