Schwab's ETF OneSource, its commission-free ETF platform, is adding 12 new ETFs to its lineup, effective Wednesday. With the additions, the total number of OneSource ETFs jumps to 254 funds covering 69 Morningstar categories.
In addition to commission-free trades, the OneSource ETF platform has no enrollment requirements nor early redemption fees, which Schwab says differentiates its platform from other commission-free ETF offerings.
"According to our research, trading ETFs without commissions or other fees continues to grow in importance for investors, so we're thrilled to continuously expand our selection of ETFs," said Heather Fischer, vice president of ETF and mutual fund platforms and client solutions strategy at Charles Schwab, in a statement.
She added that ETF providers also continue "to see value in the programs… [as] they've continued to add to our programs." The platform includes funds from 16 different ETF providers.
