Charles Schwab has added 65 exchange-traded funds to Schwab ETF OneSource, bringing the total number of ETFs on the platform to 182, all of which trade online without commissions.
New ETF providers to OneSource are ALPS, Direxion Investments, Global X Funds, IndexIQ, PIMCO, ProShares and WisdomTree. They are bringing a total of 28 new funds.
Existing providers, such as ETF Securities, Guggenheim Investments, PowerShares, State Street SPDR, United States Commodity Funds and Charles Schwab Investment Management are adding 37 ETFs to the platform.
"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, Schwab's vice president of ETF Platform Management.
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Janet Levaux
Janet Levaux, MA/MBA, is Editor in Chief of ThinkAdvisor & Investment Advisor. She's covered the financial markets since 1991 and advisors since 2005. Janet studied at Yale, Johns Hopkins SAIS and St. Mary's College of California. She's also lived and worked in Asia, Europe and Latin America, raised two sons, and won a Neal Award for top news coverage in 2020.
