FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

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Vegomatic
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FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

Post by Vegomatic » Wed May 20, 2020 8:14 am

https://www.fa-mag.com/news/interactive ... 55833.html
  • Greenwich, Conn.-based Interactive Brokers announced today the launch of what it’s billing as the world’s largest no-transaction cost, no-load mutual fund marketplace.
  • Dubbed the Mutual Fund Marketplace, the new platform offers more than 25,000 mutual funds from more than 290 fund families worldwide, including 21,000 no-load and 8,300 no-transaction fee funds.

jaj2276
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Re: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

Post by jaj2276 » Wed May 20, 2020 8:23 am

What is this, 1999?

AlohaJoe
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Re: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

Post by AlohaJoe » Wed May 20, 2020 8:30 am

Unfortunately it doesn't appear that any Vanguard or Schwab funds are available commission-free so this is probably of limited value to Bogleheads.

talzara
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Re: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

Post by talzara » Wed May 20, 2020 12:34 pm

AlohaJoe wrote:
Wed May 20, 2020 8:30 am
Unfortunately it doesn't appear that any Vanguard or Schwab funds are available commission-free so this is probably of limited value to Bogleheads.
There are many Vanguard funds available with no transaction fee, but they are registered in Great Britain or Ireland: https://interactivebrokers.com/en/index ... 654&page=V

Vanguard refuses to pay distribution fees to brokerages for its US funds, but it will pay them to carry its European funds.

petulant
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Re: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

Post by petulant » Wed May 20, 2020 5:59 pm

Basically the only key change here is they dropped the commission for transaction fee funds from 49.95 to 14.95. Otherwise their offering is mostly the same--slightly updated UI, maybe added a fund family or two. Cheapest NTF funds for S&P 500 and international (EAFE) had expense ratios in the 15-20 bps range last time I looked.

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whodidntante
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Re: FAMag: Interactive Brokers Launches Massive Mutual Fund Marketplace

Post by whodidntante » Wed May 20, 2020 10:07 pm

jaj2276 wrote:
Wed May 20, 2020 8:23 am
What is this, 1999?
I know, right? ETFs solve exactly this problem, and are structurally more efficient than mutual funds.

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