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The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, January 13, 2025 Lafferty Preps a $1.3T-AUM AM's 2nd Active FI ETF The folks at a publicly traded brokerage's $1.3-trillion-AUM (as of September 30, 2024) asset manager are preparing to roll out their second active fixed income ETF next month.
SCCR will come with an expense ratio of 16 basis points. Its PM team will include two senior portfolio managers: Brian Luedtke and John Majoros. The investment strategy that will power SCCR is the one behind Schwab's Wasmer Schroeder Core Bond Separately Managed Account strategy, which launched in 2008. (Wasmer Schroeder is Schwab fixed income boutique in Florida.) Lafferty describes the new fund as a way for investors to access the Wasmer Schroeder "portfolio management team's expertise, along with the inherent features of an ETF." "In today's rate environment, investors have the potential to capture a healthy level of income and navigate total market volatility by diversifying their core bond exposure with high-quality bonds," Lafferty states. The SCCR will come about six months about the planned debut of Schwab's first active fixed income ETF, SCUS. As of Friday (January 10), that ETF had grown to about $70.311 million in AUM. SCCR is an actively managed series of Schwab Strategic Trust. The planned ETF's other service providers will include: Deloitte & Touche LLP as independent accounting firm; SEI Investments Distribution Co. as distributor; and State Street Bank and Trust Company as custodian, fund accountant, and transfer agent. Printed from: MFWire.com/story.asp?s=69395 Copyright 2025, InvestmentWires, Inc. All Rights Reserved |
