Charles Schwab has launched three low-cost fixed income bond exchange-traded funds (ETF), adding to a suite of eight equity Schwab ETFs. The Schwab Bond ETFs provide single-investment exposure to three types of US treasuries – short-term, intermediate-term and inflation-protected securities.

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

According to Charles Schwab, its new ETFs may be appropriate for investors who seek to add exposure to core fixed-income holdings in a diversified portfolio and can be purchased in increments as small as one share per trade.

Schwab ETFs will are listed on NYSE Arca, and can also be traded on other exchanges.

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