Charles Schwab announced it is adding one new exchange traded fund provider – JP Morgan Asset Management – and nine new ETFs to Schwab ETF OneSource.
The additions give investors more choice within two highly sought-after categories in investing today – currency-hedged ETFs and strategic beta funds across both US and international markets.
All three of JP Morgan Asset Management’s diversified return strategic beta ETFs will be available to Schwab clients with USD0 online trade commissions. JP Morgan Asset Management is the 14th provider to join the Schwab ETF OneSource program, joining ALPS, Direxion Investments, ETF Securities, Global X Funds, Guggenheim Investments, IndexIQ, PIMCO, PowerShares, ProShares, State Street SPDR ETFs, United States Commodity Funds, WisdomTree and Charles Schwab Investment Management.
Six additional funds from current providers will be added to Schwab ETF OneSource tomorrow. WisdomTree is adding four currency-hedged products, ETF Securities is adding a diversified-factor ETF and Direxion Investments is adding a strategic beta high dividend ETF.
“The driving idea behind Schwab ETF OneSource is to provide investors of every size and sophistication access to quality, commission-free ETFs which helps them to build well-diversified portfolios designed to achieve their unique objectives,” says Heather Fischer (pictured), Vice President of ETF Platform Management at Charles Schwab. “Quantity matters, but in addition to offering investors the most choice, we’re focused on providing them with the right selection. We are pleased that the addition of JP Morgan and the other new funds will further expand our ability to do just this.”
The latest expansion of Schwab ETF OneSource allows investors to buy and sell 211 ETFs covering 66 Morningstar Categories with USD0 online commissions, no enrollment requirements and no early redemption fees – key differentiators for investors comparing Schwab ETF OneSource to other commission-free ETF offerings.
