Schwab to launch new active bond fund amid banner ETF Year

Charles Schwab plans to launch a new actively-managed fixed income exchange-traded fund, which comes as the asset management industry is placing greater emphasis on packaging active strategies in an ETF format.

The Schwab Core Bond ETF will be the company’s third active ETF. The Core Bond ETF seeks to provide total return while generating income through investing in U.S. debt securities, such as corporate bonds, municipal bonds, and Treasuries, according to the company’s filing with the Securities and Exchange Commission. Schwab intends to make the fund available Jan. 13, 2025. A company spokeswoman declined to comment beyond t