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E*Trade Adds More Commission-Free ETFs

E*Trade Adds More Commission-Free ETFs

E*Trade Financial Corporation (NASDAQ: ETFC), one of the largest discount brokers, added to its offering of commission-free exchange-traded funds in significant fashion last week, announcing it has added 47 ETFs from five providers to its commission-free stable since the start of 2017.

E*Trade Initiative

Issuers making their debut on E*Trade's commission-free ETF platform are ETF Securities, Guggenheim Investments, IndexIQ, John Hancock and JPMorgan Chase & Co. (NYSE: JPM)'s JPMorgan Asset Management.

E*Trade clients can now trade 133 ETFs on a commission-free basis and 4,400 no-transaction-fee mutual funds, according to a statement.

Among the well-known ETFs just added to E*Trade's commission-free roster are the ETFS Gold Trust (NYSE: SGOL), Silver Trust (NYSE: SIVR) and the Guggenheim S&P 500 Equal Weight ETF (NYSE: RSP).

Related Link: PowerShares Launches 4 Multi-Asset ETFs

Additionally, all of Guggenheim's equal-weight sector ETFs along with equal-weight spins on the S&P SmallCap Index and the S&P MidCap 400 Index are now available on E*Trade without commissions.

Two of John Hancock's broad market smart beta ETFs and nine of the issuer's smart beta sector ETFs are available to E*Trade clients commission-free.

Other new additions to the E*Trade commission-free ETF lineup include the JPMorgan Diversified Return U.S. Mid Cap Equity ETF (NYSE: JPME) and the JPMorgan Diversified Return Emerging Markets Equity ETF (NYSE: JPEM).

36 ETFs

In January, E*Trade announced the addition of 36 ETFs to commission-free platform.

A full list of the 47 ETFs recently added to E*Trade's no-commission suite is available here.

Posted-In: Long Ideas News Broad U.S. Equity ETFs Specialty ETFs Commodities Markets Trading Ideas ETFs Best of Benzinga


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