Celebrating the one year anniversary of their partnership on a commission-free ETF platform, iShares and Fidelity announced the expansion of a program that allows free trading of certain iShares ETFs. The addition of the five ETFs brings the total number of iShares products that can be traded commission-free in Fidelity accounts from 25 to 30:
- iBoxx High Yield Corporate Bond Fund (HYG)
- Dow Jones Select Dividend Index Fund (DVY)
- Dow Jones International Select Dividend Fund (IDV)
- Dow Jones US Real Estate Index Fund (IYR)
- MSCI ACWI ex US Index Fund (ACWX)
“We’re pleased to extend our partnership with BlackRock to give investors even more choices for how they can diversify their portfolios with ETFs – all at a tremendous value,” said James C. Burton, president of Fidelity’s retail brokerage business. “In fact, since launching the iShares offer a year ago, investors have saved millions of dollars in commissions on the 25 iShares ETFs in Fidelity’s original offer. And, with the five new iShares ETFs addressing timely customer needs, we are confident investors will continue to see the benefits of commission-free ETF investing at Fidelity.”
Perhaps the most exciting addition to the commission free lineup is HYG, the ultra-popular junk bond ETF. With more than $5 billion in assets and an average daily volume in excess of 1 million shares, HYG is one of the most sought after fixed income ETFs. TD Ameritrade offers commission-free trading on JNK, a high yield bond ETF from State Street [see Breaking Down The Commission-Free Trading Options].
Disclosure: No positions at time of writing.