Interactive Brokers Expands Mutual Fund Marketplace

Interactive Brokers expands its Mutual Fund Marketplace with new global and US fund families, offering over 43,000 funds with low, transparent fees.

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Interactive Brokers expands its Mutual Fund Marketplace with new global and US fund families, offering over 43,000 funds with low, transparent fees.

Key Points: 

  • Expanded Fund Selection: The platform now includes new global and US fund families, including Allianz and JP Morgan Funds.
  • Low-Cost Pricing: Over 18,000 funds with no transaction fees and competitive commissions.

Electronic trading giant Interactive Brokers has significantly broadened its offerings in the investment space by expanding the list of funds available through its Mutual Fund Marketplace. With the addition of several new global and U.S.-based fund families, the platform continues to solidify its reputation as a go-to resource for investors seeking diverse, cost-effective fund options.

The newly added global fund families include prominent names like Allianz Global Investment (AE), ANDBANK SGIIC (ES), Artemis Fund Managers Limited (GB), AXA Investment Managers UK LTD (GB), Cape Wrath Capital Ltd. (GB), JP Morgan Funds Ltd. (GB), SURA AM (GB), and Waystone Management Company Ltd. (IE). Meanwhile, the US fund family expansion includes New Age Alpha Trust.

Interactive Brokers Expands Mutual Fund Marketplace

The Interactive Brokers Mutual Fund Marketplace now offers clients in over 200 countries and territories access to more than 43,000 funds from over 600 fund families. Among the major names included in the platform are Allianz, American Funds, BlackRock, Fidelity, Franklin Templeton, Invesco, MFS, and PIMCO.

IBKR’s mutual fund platform stands out due to its competitive fee structure. The company does not charge a custody fee; investors can access over 18,000 funds without transaction fees. Commissions are highly transparent and relatively low for those investing in funds with transaction costs. Inside the US, commissions are the lesser of USD 14.95 or 3% of the trade value, while for funds outside the US, the commission is EUR 4.95 (or the equivalent in local currencies).

The expanded offering provides greater flexibility for investors looking to diversify their portfolios with a wide range of global and domestic mutual funds, all while keeping transaction costs at a minimum.

With this move, Interactive Brokers is positioning itself further to capture the interest of retail and institutional investors worldwide. It will offer an increasingly robust selection of funds with transparent pricing and a commitment to cost-effectiveness.

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