Charles Schwab is a bit late to the party with its new U.S. Aggregate Bond ETF -- but the company may use its brokerage platform to help even the playing field.
Schwab’s new fund -- its 14th exchange-traded fund overall -- tracks the Barclays Capital U.S. Aggregate Bond Index. The company is touting it as a way to gain low-cost, single-investment exposure to four major sectors of the investment grade, taxable U.S. bond market: Treasuries, government agencies, corporate and securitized bonds.