MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 10, 2017 Nine Shops Add ETFs to OneSource 15 ETFs from nine shops have been added to Charles Schwab's Schwab ETF OneSource. Effective July 6th, 2017, nine existing EFT OneSource providers made more ETFs available to Schwab clients with $0 online trade commissions, no enrollment requirements, and no early redemption fees. With the additions, the NTF ETF program now includes 245 ETFs covering 69 Morningstar categories. Sixteen ETF shops are involved in the Schwab ETF OneSource program, including ALPS Advisors, Direxion, ETF Securities, OppehnheimerFunds, PIMCO, PowerShares, and Charles Schwab Investment Management, along with Deutsche Asset Management, Global X Funds, Guggenheim Investments, IndexIQ, John Hancock Investments, J.P. Morgan Asset Management, State Street SPDR ETFs, WisdomTree, and USCF, which added the new ETFS to the program. "The increased visibility our ETFs receive by participating on the platform, combined with the reduced cost advisors and investors experience by transacting through ETF OneSource, have driven great success for those ETFs participating on the platform," William Belden, head of ETF business development at Guggenheim, tells MFWire. "Obviously that success is evidenced by new and expanded relationships with advisors and investor using Guggenheim ETFs held through Schwab." "We've received great feedback from users of the Schwab platform about our participation in the OneSource program," Brian Diessner, senior vice president and head of sales at Global X Funds, tells MFWire. "As we considered expanding our participation, MLPX and BOTZ stood out to us a great potential additions given their strong asset growth and long term thematic tailwinds behind these concepts." "Charles Schwab is an important partner that allows us to reach a broad group of clients. With this addition to the Schwab OneSource platform, 12 John Hancock Investments' ETFs, featuring indexes designed by Dimensional Fund Advisors, are now available to Schwab's customers," says Todd Cassler, president of financial institutions and advisory solutions at John Hancock Investments. Within the first five months of 2017, Schwab ETF OneSources assets grew by 22 percent, reaching $84 billion as of May 31. "We’re proud of the traction we’ve achieved so far in the four years since launching the program, and its steady growth allows us to continue to provide more choice and meet investor demand," states Heather Fischer, vice president, ETF and Mutual Fund Platforms at Schwab. Printed from: MFWire.com/story.asp?s=56620 Copyright 2017, InvestmentWires, Inc. All Rights Reserved |