Charles Schwab Investment Management, Inc. has launched the Laudus Mondrian Global Fixed Income Fund (LMGDX) to bet on developed, U.S., and emerging market bond markets.
The fund's sub-adviser is London-based Mondrian Investment Partners Limited. It has a net operating expense of 85 basis points, which is waived through January 10, 2013.
"Our clients tell us they want exposure to the world's expanding bond markets - both for their performance potential and for their historically low correlation with other asset classes," stated John Sturiale, vice president of Charles Schwab.
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