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ALPS adds Sprott Gold Miners ETF to Schwab ETF OneSource Program


ALPS has added the Sprott Gold Miners Exchange-Traded Fund (ETF) (NYSE: SGDM) to Schwab ETF OneSource – the program that provides investors and advisors with access to commission-free ETFs.

The industry’s first factor-based gold mining ETF, the Sprott Gold Miners ETF, was created with Sprott Asset Management LP, a globally renowned investor in precious metals. With its addition to the Schwab ETF OneSource lineup, Schwab clients will be able to buy and sell six ALPS-distributed ETFs with zero online trade commissions.

ALPS is a comprehensive financial services company with a strong track record of innovation in the asset management, asset servicing, and asset gathering business. The fourth largest distributor of ETFs in the US, ALPS specialises in satellite and non-traditional asset classes, including Alternative Income, Private Equity, Commodities, and Master Limited Partnerships (MLPs).

“By expanding our Schwab ETF OneSource lineup to include the Sprott Gold Miners ETF, we can offer the strategy to a wider range of investors without commissions,” says Jeremy Held (pictured), Director of Product Distribution at ALPS. “All ALPS ETFs are designed to provide investors with exposure to attractive investment themes, and we expect to bring more innovative solutions to the market this year.”

Schwab ETF OneSource offers investors more than 200 ETFs spanning 66 Morningstar Categories without any trade commissions, early redemption fees or enrollment requirements.

“We are very pleased with the growing interest in Sprott Gold Miners ETF,” says John Ciampaglia, Head of ETFs at Sprott. “The fund’s addition to the Schwab ETF OneSource platform will only enhance that interest.”

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