Charles Schwab announced the launch of three proprietary bond ETFs, adding to a suite of eight equity Schwab ETFs. According to the company, the Schwab Bond ETFs provide single-investment exposure to three types of U.S. Treasuries: short-term, intermediate-term and inflation-protected securities.

“There is growing demand from investors, traders and advisors for ETFs at a low cost,” said Peter Crawford, senior vice president at Schwab. “Fixed income ETFs are the fastest growing segment of the ETF market. We see tremendous potential for their continued growth.”

Schwab believes the ETFs provide value in that they have low operating expense ratios (expenses) for exchange-traded funds and also offer commission-free online trading for clients through their Schwab accounts.

The three new Schwab ETFs are the Schwab U.S. TIPS ETF (SCHP), Schwab Short-Term U.S. Treasury ETF (SCHO) and Schwab Intermediate-Term U.S. Treasury ETF (SCHR).

In June, Schwab announced further price cuts on its existing ETFs.