The no capital gains announcement is the latest in a string of impressive data points out of California-based Charles Schwab this year. Schwab now has $25.9 billion in ETF assets under management and 11 of the firm’s 21 ETFs have over $1 billion in AUM, according to the statement.
At the end of the third quarter, ETF assets custodied at Schwab reached $216 billion, a 20% year-over-increase, according to the firm’s third-quarter snapshot. Flows to ETF assets custodied at Schwab hit $4.2 billion during the third quarter, bringing the year-to-date total to $14.2 billion, according to the firm’s quarterly snapshot released in October.
In September, Schwab unveiled a massive expansion of its Schwab ETF OneSource commission-free ETF platform by adding 65 new ETFs and seven new issuers.
New providers joining OneSource are ALPS, Direxion Investments, Global X Funds, IndexIQ, PIMCO, ProShares and WisdomTree (NasdaqGS: WETF). Those firms join OneSource’s original members State Street (NYSE: STT), Guggenheim, Invesco’s (NYSE: IVZ) PowerShares, ETF Securities, U.S. Commodity Funds and Schwab’s own lineup of ETFs. [Schwab Bolsters Commission-Free ETF Lineup]
ETF Trends editorial team contributed to this post.