Charles Schwab is adding two new providers – Deutsche Asset Management and John Hancock Investments – and 14 new exchange traded funds to Schwab ETF OneSource, its commission-free ETF programme.
With this latest expansion, Schwab ETF OneSource is broadening investor access in several high-demand categories, including strategic beta and currency-hedged ETFs.
Launched in February 2013, Schwab ETF OneSource is approaching its three-year anniversary. With the new additions announced today, Schwab ETF OneSource now allows investors and advisors to buy and sell 226 ETFs covering 66 Morningstar Categories with USD0 online commissions, no enrolment requirements and no early redemption fees – key differentiators for investors comparing Schwab ETF OneSource to other commission-free ETF offerings.
Deutsche Asset Management and John Hancock Investments are the 15th and 16th providers to join Schwab ETF OneSource, adding to a roster of existing industry leaders that include: ALPS, Direxion, ETF Securities, Global X Funds, Guggenheim Investments, IndexIQ, J.P. Morgan Asset Management, PIMCO, PowerShares, ProShares, State Street SPDR® ETFs, United States Commodity Funds LLC, WisdomTree and Charles Schwab Investment Management.
John Hancock Investments is adding six strategic beta ETFs to the program, all of which launched in September 2015. Deutsche Bank is also adding six funds, five currency-hedged ETFs and one fixed income ETF. Existing provider Guggenheim Investments will also be adding two ETFs, both in the fixed income category. All 14 new ETFs will be available on Schwab ETF OneSource beginning today.
The new funds added to Schwab ETF OneSource are:
Deutsche X-trackers MSCI EAFE Hedged Equity ETF (DBEF)
Deutsche X-trackers MSCI Emerging Markets Hedged Equity ETF (DBEM)
Deutsche X-trackers MSCI All World ex US Hedged Equity ETF (DBAW)
Deutsche X-trackers MSCI Eurozone Hedged Equity ETF (DBEZ)
Deutsche X-trackers Municipal Infrastructure Revenue Bond ETF (RVNU)
Deutsche X-trackers MSCI All World ex US High Dividend Yield Hedged Equity ETF (HDAW)
Guggenheim BulletShares 2025 Corporate Bond ETF (BSCP)
Guggenheim BulletShares 2023 High Yield Corporate Bond ETF (BSJN)
John Hancock Multifactor Consumer Discretionary ETF (JHMC)
John Hancock Multifactor Financials ETF (JHMF)
John Hancock Multifactor Healthcare ETF (JHMH)
John Hancock Multifactor Technology ETF (JHMT)
John Hancock Multifactor Large Cap ETF (JHML)
John Hancock Multifactor Mid Cap ETF (JHMM)
“We’re so pleased how Schwab ETF OneSource has been embraced by investors and providers in our first three years,” said Heather Fischer, Vice President of ETF Platform Management at Charles Schwab. “Our steady and continued growth allows us to provide investors with more choice, and today’s news is a good example of that. As interest and demand for ETFs in categories such as currency-hedging and strategic beta continues, we’re able to broaden access to more of those funds commission-free.”