John Hancock Adds 5 Sector ETFs To Schwab's Commission-Free Platform


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John Hancock added five of its smart beta sector exchange-traded funds to Charles Schwab Corp (NYSE: SCHW)'s Schwab ETF OneSource platform, the largest commission-free platform for ETFs in the brokerage industry.

The move, announced in a statement issued Wednesday by Boston-based John Hancock and San Francisco-based Charles Schwab, means all 11 John Hancock ETFs are available on Schwab ETF OneSource.

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Hancock ETFs

Hancock ETFs include:

  • John Hancock Multifactor Large Cap ETF (NYSE: JHML).
  • John Hancock Multifactor Mid Cap ETF (NYSE: JHMM).
  • John Hancock Multifactor Consumer Discretionary ETF (NYSE: JHMC).
  • John Hancock Multifactor Energy ETF (NYSE: JHME).

“Schwab ETF OneSource was launched in February of 2013, and currently offers 232 ETFs covering 69 Morningstar categories,” according to the statement.


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Multifactor Aspect

Hancock's sector ETFs focus on several factors (such as lower price, higher profitability and smaller market values) that research has proven can facilitate higher returns, according to Hancock. In March, the issued launched five sector ETFs covering consumer staples, energy, industrials, materials and utilities stocks.

Those ETFs join consumer discretionary, financial services, healthcare and technology offerings from Hancock that also adhere to the Dimensional multi-factor methodology. Like its predecessors, Hancock's newest sector ETFs charge 0.5 percent a year, or $50 per $10,000 invested.

"Dimensional started applying the concept of multifactor investing more than 30 years ago, and today the firm is one of the most respected managers in the industry. Dimensional's approach is rooted in decades of academic research into the factors that drive expected returns, along with a record of delivering results to investors,” said Hancock in a statement.

The aforementioned JHML is Hancock's largest ETF.

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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


Posted In: Long IdeasNewsSector ETFsTop StoriesMarketsTrading IdeasETFsJohn HancockmorningstarSchwab ETF OneSourcesmart betaSmart beta ETFsstrategic betastrategic beta ETFs