Schwab Debuts Low-Cost Mortgage-Backed Securities ETF

By Yahoo! Finance | Nov 7, 2024 at 05:15 PM EST

Schwab Asset Management is introducing a low-cost mortgage-backed securities ETF, SMBS, to meet investor demand for fixed income diversification. The fund aims to provide exposure to the MBS market with a 0.03% expense ratio, aligning with the firm's commitment to competitive pricing.

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