ETF Trends
ETF Trends

Charles Schwab announced that it will include OppenheimerFunds exchange traded funds, along with a number of other options, into its Schwab ETF OneSource program that offers commission-free trades on ETFs.

The OneSource program has been an easy way for fund providers to quickly garner investment exposure in a variable group of ETF strategies. According to Charles Schwab, assets in Schwab ETF OneSource hit $65.4 billion as of November 30, 2016, a 34% rise in 2016, with November year-to-date flows into ETFs in the program at $11.8 billion, or 53% of the total ETF flows at Schwab, according to Charles Schwab.

“In 2016 we expanded our product offering to meet ETF investor demands, including adding several new Morningstar categories,” Heather Fischer, Vice President of ETF Platform Management at Charles Schwab, said in a note. “We continue to broaden investor access across several high-demand categories such as socially conscious funds, strategic beta funds, bond ETFs and currency-hedged products.”

With the turn of the new year, Schwab has added another group of ETF options to its commission-free lineup, including the first OppenheimerFunds options. The expanded Schwab ETF OneSource provides the most commission-free ETFs anywhere in the industry, according to a press release. The program allows investors and advisors to buy and sell 228 ETFs over 69 Morningstar Categories with $0 in online trading fees.

“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,” Fischer said. “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 program.”

As of January 4, 12 ETFs were added to the Schwab ETF OneSource program, including: Deutsche X-trackers FTSE Developed ex US Comprehensive Factor ETF (NYSEArca: DEEF), Deutsche X-trackers Russell 1000 Comprehensive Factor ETF (NYSEArca: DEUS), Guggenheim BulletShares 2026 Corporate Bond ETF (NYSEArca: BSCQ), Guggenheim BulletShares 2024 High Yield Corporate Bond ETF (NYSEArca: BSJO), JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSEArca: JPME), Oppenheimer Large Cap Fund (NYSEArca: RWL), Oppenheimer Mid Cap Fund (NYSEArca: RWK) and Oppenheimer Small Cap Fund (NYSEArca: RWJ), Oppenheimer Ultra Dividend Revenue ETF (NYSEArca: RDIV), SPDR MSCI EAFE StrategicFactorsSM ETF (NYSEArca: QEFA), SPDR S&P North American Natural Resources ETF (NYSEArca: NANR) and WisdomTree CBOE S&P 500 PutWrite Strategy Fund (NYSEArca: PUTW).

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