Vanguard launched an array of commission-free exchange-traded funds (ETFs) available to investors. As announced in early July, Vanguard is offering commission-free online transactions on approximately 90% of all ETFs, excluding inverse and leveraged ETFs due to their highly speculative nature.
The launch will allow Vanguard Brokerage clients to access the vast majority of ETFs, from providers including BlackRock, Schwab, and SSGA, without incurring additional costs to purchase or sell.
“Vanguard’s expanded commission-free platform offers value, access, and convenience to the increasing number of investors turning to ETFs as their preferred investment vehicle,” says Karin Risi, managing director of Vanguard’s Retail Investor Group. “Ownership of Vanguard ETFs has quadrupled in the last five years and ETFs are being held by a broad range of investors—from Millennials to retirees.”