Charles Schwab (SCHW) said late Thursday that it has added 65 exchange-traded funds to Schwab ETF OneSource. This brings the total number of ETFs on the platform to 182, all of which trade online without commissions.
New ETF providers to OneSource are ALPS, Direxion Investments, Global X Funds, IndexIQ, PIMCO, ProShares and WisdomTree. They are bringing a total of 28 new funds.
Existing providers, such as ETF Securities, Guggenheim Investments, PowerShares, State Street SPDR, United States Commodity Funds and Charles Schwab Investment Management are adding 37 ETFs to the platform.
“We know that every dollar counts for investors – and trading commissions can really add up, so they are crucial when evaluating the total cost of an ETF,” said Heather Fischer, Schwab’s vice president of ETF Platform Management, in a press release.