On May 19, trading technology and brokerage service Interactive Brokers Group, Inc. (NASDAQ: IBKR) formally announced the launch of its new Mutual Fund Marketplace, a solution where global investors and traders can access more than 25,000 mutual funds.
The development comes alongside other product portfolio enhancements such as the launch of IBKR Lite, a commission-free stock and ETF trading solution, Bond Scanner, a bond selection tool, as well as mobile and desktop platform enhancements.
In a statement, Steve Sanders, EVP of marketing and product development at Interactive Brokers said: “The Interactive Brokers Mutual Fund Marketplace is now the largest, single source of no-load mutual funds.”
“Our marketplace also has lower costs, if not the lowest, on our massive inventory of mutual funds.”
As part of the offering, investors will now have access to over 10,000 no-load and load-waived funds and more than 4,300 transaction-free funds.
“Instead of pushing proprietary funds like Fidelity, Vanguard, Schwab, and others do, Interactive Brokers is product-neutral,” Sanders said. “We have a fantastic variety of fund families available in our agnostic marketplace.”
In addition to the marketplace, IBKR launched a Mutual Fund Search Tool, allowing clients and non-clients the ability to find products best suited to their financial goals.
“Interactive Brokers has always focused on providing advanced technology, superior pricing, and breadth of product worldwide. We have now built the largest no-load mutual funds marketplace to help investors enjoy increased access to global markets and greater diversification,” Sanders added.
To learn more about IBKR’s Mutual Fund Marketplace or Search Tool, please visit ibkr.com/funds.
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