Charles Schwab Investment Management, Inc. has filed paperwork with the Securities & Exchange Commission to launch active exchange-traded funds, which are getting a lot of buzz courtesy of PIMCO’s latest offering and iShares’ proposed fund.
According to the filing, Charles Schwab is looking to launch domestic and international equity and fixed funds as well funds of funds. SEI Investments Distribution Co. will serve as distributor for the funds.
A spokesperson for the firm declined to further comment on the filing.
Charles Schwab currently manages $6.27 billion in ETF assets.
Hung Tran writes for Money Management Executive.