Fidelity, iShares Boost Commission-Free ETF Lineup

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Mutual fund giant Fidelity and BlackRock's
BLK
iShares unit, the world's largest ETF sponsor, announced today that Fidelity will more than double the amount of iShares ETFs it offers to its clients on a commission-free basis to 65 funds. The two firms have a commission-free ETF partnership that dates back to early 2010 when the Fidelity announced it would offer 26 iShares ETFs commission-free. That number was raised to 30 iShares
in early 2011
. The full, expansive list of iShares ETFs available on a commission-free basis to Fidelity clients
can be seen here
. Among the 65 iShares ETFs Fidelity clients can trade (sans commissions) are popular bond, broad market and emerging markets funds, as well more targeted offerings. The list of iShares ETFs in the Fidelity commission-free stable include the iShares Core MSCI Emerging Markets ETF
IEMG
, the iShares J.P. Morgan USD Emerging Markets Bond Fund
EMB
, the iShares Barclays TIPS Bond Fund
TIP
, the iShares Core S&P 500 ETF
IVV
, the iShares Core Total U.S. Bond Market ETF
AGG
, the iShares Emerging Markets Local Currency Bond Fund
LEMB
, the iShares MSCI China Index Fund
MCHI
, the iShares Russell Micro-Cap Index Fund
IWC
, the iShares MSCI Japan Index Fund
EWJ
, the iShares iBoxx $ High Yield Corporate Bond Fund
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HYG
and the iShares iBoxx $ Investment Grade Corporate Bond Fund
LQD
. Fidelity, which has filed plans with the Securities and Exchange Commission to offer its own ETFs, said expanding its partnership with iShares
is not a reaction to recent news from
Charles Schwab
SCHW
. Last month, Schwab, the largest discount broker, unveiled its Schwab ETF OneSource Platform that allows clients to trade
105 ETFs from various issuers commission-free
. In addition to its own ETFs, Schwab offers State Street Global Advisors, PowerShares and Guggenheim funds, among others, commission-free. TD Ameritrade
AMTD
offers over 100 ETFs commission-free as well,
including some iShares funds
. E*Trade
ETFC
and Vanguard are among the other firms that offer commission-free ETF trading to their clients. For more on ETFs, click
here
.
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