Charles Schwab has added more than 60 additional ETFs to Schwab ETF OneSource, giving investors and their advisors unparalleled choice through the program that offers them the most commission-free ETFs.
With seven new firms joining the original roster of six ETF providers, beginning today, investors can trade 182 ETFs covering 65 Morningstar Categories for $0 online trade commissions at Schwab with no early redemption fees or enrollment requirements – key differentiators for investors comparing similar offerings in the industry.
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The new ETF providers joining Schwab ETF OneSource are ALPS, Direxion Investments, Global X Funds, IndexIQ, PIMCO, ProShares and WisdomTree. They join founding providers ETF Securities, Guggenheim Investments, PowerShares, State Street SPDR® ETFs, United States Commodity Funds and Charles Schwab Investment Management.
"We know that every dollar counts for investors – and trading commissions can really add up, so they are crucial when evaluating the total cost of an ETF," said Heather Fischer, Vice President of ETF Platform Management at Charles Schwab. "Our clients are thrilled that Schwab ETF OneSource has made ETF investing more affordable and accessible, and today’s announcement means the program with the most commission-free ETFs just took another major step forward on their behalf."
Investors and advisors have flocked to Schwab ETF OneSource. As of August 31, 2014, Schwab ETF OneSource has $31 billion in assets under management and year-to-date flows into ETFs in the program are $5.9 billion, representing 45 percent of the total ETF flows at Schwab.
In total, 65 ETFs have been added to the program, with 28 coming from new participants and 37 coming from existing providers. A complete list of Schwab ETF OneSource ETFs is available here.
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