CHICAGO, Sept. 18, 2014 /PRNewswire/ -- PowerShares, a leading global provider of exchange-traded funds (ETFs), announced today it has expanded its offerings on Schwab ETF OneSourceTM, which offers investors and advisors the most commission-free ETFs in the industry[i]. Beginning today, Schwab clients can buy and sell nineteen PowerShares ETFs, with $0 online trade commissions and no early redemption fees or hidden costs.
Schwab ETF OneSource launched in February 2013 in order to give investors and advisors access to the most commission-free ETFs anywhere in the industry. PowerShares was one of the original six providers that were part of the program at launch, and the firm's ETFs available on the platform span a wide spectrum of its leading domestic and international equity, fixed income and alternative investment offerings.
"PowerShares was a pioneer in ETFs and since 2003, we have been offering dynamic investment strategies to our clients," said Bobby Brooks, National Sales Director at PowerShares. "We're extremely pleased to offer additional products through Schwab ETF OneSource and continue to join Schwab on efforts to make ETFs even more accessible and affordable for investors."
According to Bloomberg L.P., as of December 31, 2013, 1,327 ETFs were listed in the US with $1.7 trillion in assets, up from two products with only $1 billion in assets in 1995.
"Based on The 2014 ETF Investor Study by Charles Schwab and industry research, we know that investors believe that the ability to trade ETFs without commissions is an important part of their evaluation of investment offerings," said Heather Fischer, Vice President of ETF Platform Management at Charles Schwab. "Since its launch in early 2013, OneSource continues to attract a growing number of investors and advisors who seek to make ETFs a growing part of their investment portfolios in a cost efficient manner."
Today's news is part of a significant expansion of Schwab ETF OneSource, which offers investors unparalleled choice for commission-free ETFs. Starting today, 182 ETFs from 13 ETF providers covering 65 Morningstar categories can be traded commission-free on the platform. Schwab ETF OneSource has been strongly embraced by investors since its launch in early 2013. As of August 31, 2014, Schwab ETF OneSource has $31 billion in assets under management and year-to-date flows into ETFs in the program were $5.9 billion, representing 45% of the total ETF flows at Schwab.
Following is a complete list of the PowerShares ETFs available on Schwab ETF OneSource:
Available at OneSource launch on February 7, 2013:
- PowerShares S&P 500 High Beta Portfolio (SPHB)
- PowerShares S&P 500 Low Volatility Portfolio (SPLV)
- PowerShares Senior Loan Portfolio (BKLN)
- PowerShares S&P International Developed Low Volatility Portfolio (IDLV)
- PowerShares Preferred Portfolio (PGX)
- PowerShares India Portfolio (PIN)
- PowerShares Global Gold and Precious Metals Portfolio (PSAU)
- PowerShares Fundamental High Yield Corporate Bond Portfolio (PHB)
- PowerShares Emerging Markets Sovereign Debt Portfolio (PCY)
- PowerShares Dynamic Media Portfolio (PBS)
- PowerShares Chinese Yuan Dim Sum Bond Portfolio (DSUM)
- PowerShares S&P Emerging Markets Low Volatility (EELV)
Newly available as of September 18, 2014:
- PowerShares Multi-Strategy Alternative Portfolio (LALT)
- PowerShares Fundamental Pure Small Value Portfolio (PXSV)
- PowerShares Fundamental Pure Mid Core Portfolio (PXMC)
- PowerShares International Dividend Achievers Portfolio (PID)
- PowerShares BuyBack Achievers Portfolio (PKW)
- PowerShares Global Short Term High Yield Bond Portfolio (PGHY)
- PowerShares Variable Rate Preferred Portfolio (VRP)
A complete list of Schwab ETF OneSource ETFs is available here.
About Invesco Ltd and Invesco PowerShares Capital Management LLC
Invesco Ltd. is a leading independent global investment management firm, dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, Invesco provides a wide range of investment strategies and vehicles to our clients around the world. Operating in more than 20 countries, the firm is listed on the New York Stock Exchange under the symbol IVZ. Additional information is available at www.invesco.com.
Invesco PowerShares Capital Management LLC is leading the Intelligent ETF Revolution® through its family of more than 140 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets of nearly $100 billion* as of June 30, 2014, PowerShares ETFs trade on both US stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.
*US franchise assets include QQQs, BLDRS and DB Funds. ALPS Distributors, Inc. is the distributor of PowerShares QQQ, BLDRS Funds and PowerShares DB Funds. PowerShares QQQ and BLDRS Funds are unit investment trusts. Invesco PowerShares and Invesco Distributors, Inc. are not affiliated with ALPS Distributors, Inc.
Not FDIC Insured | May Lose Value | No Bank Guarantee
About Schwab ETF OneSource
Schwab ETF OneSource offers investors and advisors access to the most commission-free ETFs anywhere in the industry. Commission-free online trading is available to individual investors at Schwab, to the nearly 7,000 independent investment advisors who use Schwab's custodial services and through Schwab retirement accounts that permit trading of ETFs.
Schwab offers a range of resources to help clients choose ETFs that fit their investment needs, including the Schwab ETF Select List™; tutorials, education, research and tools available via Schwab's online ETF center and the ETF Education Exchange®; and live events at local Schwab branches.
About Charles Schwab
The Charles Schwab Corporation (NYSE: SCHW) is a leading provider of financial services, with more than 325 offices and 9.3 million active brokerage accounts, 1.4 million corporate retirement plan participants, 956,000 banking accounts, and $2.38 trillion in client assets as of July 31, 2014. Through its operating subsidiaries, the company provides a full range of securities brokerage, banking, money management and financial advisory services to individual investors and independent investment advisors. Its broker-dealer subsidiary, Charles Schwab & Co., Inc. (member SIPC, www.sipc.org), and affiliates offer a complete range of investment services and products including an extensive selection of mutual funds; financial planning and investment advice; retirement plan and equity compensation plan services; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent, fee-based investment advisors through Schwab Advisor Services. Its banking subsidiary, Charles Schwab Bank (member FDIC and an Equal Housing Lender), provides banking and lending services and products. More information is available at www.schwab.com and www.aboutschwab.com.
Follow Schwab on Twitter, Facebook, YouTube, LinkedIn and the Schwab Talk blog.
[i] Conditions Apply: Trades in ETFs available through Schwab ETF OneSource™ (including Schwab ETFs™) are available without commissions when placed online in a Schwab account. Service charges apply for trade orders placed through a broker ($25) or by automated phone ($5). An exchange processing fee applies to sell transactions. Certain types of Schwab ETF OneSource transactions are not eligible for the commission waiver, such as short sells and buys to cover (not including Schwab ETFs). Schwab reserves the right to change the ETFs we make available without commissions. All ETFs are subject to management fees and expenses. Please see Charles Schwab Pricing Guide for additional information.
Important Risk Information
There are risks involved with investing in ETFs, including possible loss of money. Shares are not actively managed and are subject to risks similar to those of stocks, including those regarding short selling and margin maintenance requirements. Ordinary brokerage commissions apply.
Invesco Distributors, Inc. is the distributor of the PowerShares Exchange-Traded Fund Trust II. PowerShares® is a registered trademark of Invesco PowerShares Capital Management LLC (Invesco PowerShares).
Invesco PowerShares and Invesco Distributors, Inc. are indirect, wholly owned subsidiaries of Invesco Ltd.
Note: Not all products available through all firms or in all jurisdictions.
Shares are not individually redeemable and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, typically consisting of 50,000 Shares.
An investor should consider the Fund's investment objective, risks, charges and expenses carefully before investing. The prospectus contains this and other information about the Fund. For this and more complete information about the Fund call 800 983 0903 or visit invescopowershares.com for a prospectus. Please read the prospectus carefully before investing.
SOURCE Invesco