Charles Schwab plans new Active Bond ETF amid banner year for ETFs

Charles Schwab plans to launch a new actively managed fixed income exchange-traded fund, which comes as the asset management industry puts more emphasis on packaging active strategies into an ETF format.

The Schwab Core Bond ETF will be the company’s third active ETF. The Core Bond ETF seeks to provide total return while generating income by investing in U.S. debt securities, such as corporate bonds, municipal bonds and government bonds, according to the company’s filing with the Securities and Exchange Commission….