Schwab Asset Management's Bold Move: Fee Cuts on Fixed Income ETFs

Schwab Asset Management has announced its decision to reduce fees on two of its ETF's: the Schwab High-Yield Bond ETF (SCYB/a>) and the Schwab U.S. TIPS ETF (SCHP). These fees have been slashed to just 0.03%, a strategic move aimed at drawing more investors. This adjustment brings the fees for these specific ETFs in line with its other fixed income ETF products. Importantly, Schwab's recently launched high-yield bond ETF directly rivals offerings like the SPDR Portfolio High Yield Bond ETF ( About the Author

David Love is an editor at Quiver Quantitative, with a focus on global markets and breaking news. Prior to joining Quiver, David was the CEO of Winter Haven Capital.