Charles Schwab is planning to unveil a new aggregate bond fund, Index Universe reports. The Schwab U.S. Aggregate Bond ETF will seek to replicate the market-capitalization-weighted Barclays Capital U.S. Aggregate Bond Index.

Steven Chan, Matthew Hastings, Steven Hung, Steven Hung, Brandon Matsui and Alfonso Portillo will co-manage the new fund, adds MutualFundWire. State Street has been appointed the transfer agent, custodian and fund accountant of the vehicle.

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