ETF That Tracks Strategies Successfully Deployed by Well-Known Billionaires Now Available through Schwab ETF OneSource™…
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Direxion Investments announced today that the Direxion iBillionaire Index ETF is the fifth of its Strategic Beta ETFs now available through Schwab ETF OneSource™, Charles Schwab & Co.’s commission-free ETF trading program.
With the addition of IBLN, Direxion’s entire suite of Strategic Beta ETFs is now available commission-free through Schwab ETF OneSource. Direxion Strategic Beta ETFs allow investors to potentially enhance their portfolios with the best characteristics of both active management and passive indexing.
“We’ve been pleased with the interest in IBLN since we launched the ETF last year,” said Brian Jacobs, President of Direxion Investments. “Access to the strategies successfully deployed by well-known billionaires through an investment vehicle that is transparent, liquid and cost-efficient resonates with investors. Now that they can obtain access to IBLN through Schwab ETF OneSource, with no trading commissions, the value of being able to invest like a billionaire is even greater.”
Schwab ETF OneSource enables investors to access a large selection of ETFs without having to pay trading commissions and early redemption fees, or meet enrollment requirements. Schwab announced last week that it has added IBLN to the program, which already includes the following ETFs from Direxion Investments:
- Direxion All Cap Insider Sentiment Shares (KNOW)
- Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)
- Direxion S&P 500 Index Volatility Response Shares (VSPY)
- Direxion Zacks MLP High Income Shares (ZMLP)
“We’re excited to be able to expand this program to meet investor demand for innovative ETFs like these,” said Heather Fischer, Vice President of ETF Platform Management at Charles Schwab. “Direxion Strategic Beta ETFs help us offer the choice and value our clients expect from Schwab.”
Source: ETFWorld.com
WMCR
Wilshire Micro-Cap ETF (based on the Wilshire US Micro-Cap Index)
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