E*Trade Bolsters Commission-Free ETF Lineup

Markets Benzinga

Just as rival Charles Schwab Corp (SCHW) did this week, brokerage firm E*TRADE Financial Corp (ETFC) increased its menu of exchange-traded funds offered on a commission-free basis.

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Thirty-six (36) ETFs are joining E*Trade's commission-free lineup, including 16 from Guggenheim, 11 from John Hancock and nine from IndexIQ.

New Additions

Schwab said Wednesday it is adding 12 exchange-traded funds to its Schwab ETF OneSource Platform, the largest commission-free platform in the ETF industry. Those new additions on the Schwab platform include Oppenheimer ETFs.

Oppenheimer joins ALPS, Deutsche Asset Management, Direxion, ETF Securities, Global X Funds, Guggenheim Investments, IndexIQ, John Hancock Investments, JPMorgan Asset Management, PIMCO, PowerShares, State Street SPDR ETFs, USCF, WisdomTree and Charles Schwab Investment Management on the OneSource platform.

As for E*Trade's commission-free ETF slate, new members include the popular Guggenheim S&P 500 Equal Weight ETF (RSP) along with 13 other equal-weight ETFs from Guggenheim. The other Guggenheim ETFs joining the E*Trade commission-free lineup are the Guggenheim Total Return Bond ETF (NYSE: GTO) and the Guggenheim S&P High Income Infrastructure ETF (GHII).

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The Hancock ETFs joining the E*Trade commission-free stable include the John Hancock Multifactor Large Cap ETF (JHML) and the firm's lineup of nine smart beta sector ETFs.

Other issuers on E*Trade's commission-free ETF platform include Global X and WisdomTree Investments, Inc. (WETF). E*Trade now offers 122 ETFs on a commission-free basis.

Image Credit: By Thomas Hundt (Own work) [CC BY 2.5], via Wikimedia Commons

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