Schwab has expanded its commission-free ETF OneSource program, adding 15 more funds for a total of 245, effective July 6, 2017.
The new funds are primarily a mixture of commodities, high-yield and stock funds, both domestic and foreign, but they also include a master limited partnership and an energy infrastructure fund from Global X.
“Schwab ETF OneSource continues to grow as investors and advisors allocate more of their portfolios to ETFs,” said Heather Fischer, Vice president, ETF and Mutual Fund Platforms at Schwab, in a statement.
Indeed, in the first half of this year, a record $245 billion flowed into ETFs, according to State Street Global Advisors.
Almost $11 billion flowed into Schwab ETF OneSource funds during the first five months of 2017, up 22%. By the end of May, those assets totaled $84 billion.