Schwab expands commission-free ETF platform
Jan. 05, 2016 12:12 PM ETThe Charles Schwab Corporation (SCHW)By: Stephen Alpher, SA News Editor1 Comment
- Schwab (NYSE:SCHW -1.1%) adds two new providers - Deutsche Asset Management and John Hancock - and 14 new ETFs to its OneSoure platform.
- Schwab ETF OneSource now offers 226 ETFs from 16 providers with $0 commissions. The platform as of Sept. 30 had $44B in AUM and YTD inflows of $9B.
- The funds added today (6 from Deutsche, 6 from Hancock, and 2 from Guggenheim): DBEF, DBEM, DBAW, DBEZ, RVNU, HDAW, BSCP, BSJN, JHMC, JHMF, JHMH, JHMT, JHML, JHMM
- Source: Press Release