has kicked off trading in a brand-new bond exchange traded fund (
). The fund will track the price and yield performance of the
Barclays Capital U.S. 3-10 Year Treasury Bond Index.
Schwab Intermediate-Term U.S. Treasury ETF (NYSEArca: How
to Start Buying and Trading ETFs.]
The benchmark, Barclays Capital U.S. 3-10 Year Treasury Bond
Index, includes all publicly-issued U.S. Treasury securities that
have a remaining maturity of greater than or equal to three years
and less than 10 years, are rated investment-grade, and have $250
million or more of outstanding face value,
says ETF Daily News
Where You Can Get Cheap (or Free!) ETF Trades.
The ETF will invest up to 90% of net assets in the holdings in
the index, and up to 10% of its net assets in securities not
included in the index. [
The latest provider to file for an active fund.
For more stories about new ETFs, visit our
new ETFs category
Tisha Guerrero contributed to this category.