Charles Schwab Expands OneSource ETF Platform

Charles Schwab added 16 exchange-traded funds (ETFs) to the Schwab ETF OneSource platform, bringing the total number of ETFs available through the platform to 121.

The new ETFs include five from Guggenheim Investments, five from State Street SPDR ETFs and six from Charles Schwab Investment Management. Fund designers intended the additions to expand the range of asset categories available through the OneSource platform. New categories include asset allocation, long-term corporate bond and international asset-income ETFs.

Other fund providers participating in Schwab ETF OneSource include PowerShares, ETF Securities and United States Commodity Funds.

According to Beth Flynn, vice president of ETF platform management at Charles Schwab, the new ETFs will be a good option for investors and advisers looking to build diversified ETF portfolios without paying substantial commission fees. According to Flynn, all of the ETFs on the OneSource platform can be bought and sold without an online trade commission charge.

More information on Schwab ETF OneSource and the new funds can be found here.