Discount stock broker Firstrade.com announced that they will join other brokers in offering a limited number of free ETFs to be traded with no commission. You must hold them for 30 days. If you sell an eligible ETF within 30 days of purchase, their regular $6.95 online commission fee will apply. Here’s the current list of 10 ETFs:
Stocks
iShares S&P 500 Index Fund (IVV)
Vanguard Small Cap Growth ETF (VBK)
iShares S&P MidCap 400 Index Fund (IJH)
Vanguard Dividend Appreciation ETF (VIG)
Vanguard Emerging Markets ETF (VWO)
iShares FTSE/Xinhua China 25 Index Fund (FXI)
Bonds
Vanguard Short Term Bond ETF (BSV)
Vanguard Intermediate Term Bond ETF (BIV)
Vanguard Long Term Bond ETF (BLV)
Commodities Futures
PowerShares DB Commodity Index Tracking Fund (DBC)
The list manages to cover most of the basic asset classes, although it’s missing a certain continent called Europe. I’m sure they figure nobody cares about those old and boring countries anyway, especially if you could invest in China again… even though the Emerging Market ETF is already 18% China.
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