Constancy Investments introduced the “full availability” of its commission-free ETF platform and has added eleven new managers, bringing the whole variety of funds to over 500.
The agency introduced Monday they added 150 new ETFs from the brand new managers, together with American Century, Franklin Templeton, John Hancock Investments, J.P. Morgan Asset Administration and Goldman Sachs Asset Administration, PIMCO and State Road International Advisors, amongst others. The announcement was a follow-up to an earlier announcement in February saying intentions to broaden the lineup of commission-free ETFs for retail purchasers and advisors.
Constancy says property underneath administration within the ETFs obtainable on the commission-free platform symbolize 40 p.c of the general U.S. ETF market. Constancy itself has greater than $450 billion in shopper property underneath administration in ETFs.
The extra funds carry Constancy according to Schwab, which made the same transfer in February and now additionally boasts over 500 commission-free ETFs on its OneSource platform, and TD Ameritrade, with, in response to its web site, over 570 ETFs obtainable with out fee.
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