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OppenheimerFunds joins Schwab ETF Onesource

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Commission free ETF platform Schwab ETF OneSource is adding ETF provider OppenheimerFunds and 12 new ETFs to its line-up.

With these additions, the programme now allows investors and advisers to buy and sell 228 ETFs covering 69 Morningstar Categories with no online commissions, no enrolment requirements and no early redemption fees.
 
Four of the Oppenheimer Revenue Weighted ETF strategies are available to Schwab clients with no online trade commissions.
 
OppenheimerFunds joins 15 other ETF providers that participate in the Schwab ETF OneSource programme. They include ALPS, Deutsche Asset Management, Direxion, ETF Securities, Global X Funds, Guggenheim Investments, IndexIQ, John Hancock Investments, JP Morgan Asset Management, PIMCO, PowerShares, State Street SPDR ETFs, USCF, WisdomTree and Charles Schwab Investment Management.
 
“Schwab ETF OneSource is growing in every way – we’ve added to both our provider and fund ranks in the last year, and continue to offer investors of all sizes the most choice when it comes to commission-free ETFs,” says Heather Fischer, vice president of ETF platform management at Charles Schwab. “Our research indicates that investors and advisors are steadily allocating more of their portfolios to ETFs, and a broad selection of both ETF categories and ETF providers are critical criteria when evaluating ETFs that are available for zero commission online. Schwab ETF OneSource delivers on both, which explains the traction we’ve achieved in just four short years since launching the programme.”

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