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The Markets October 8, 2010
TD Ameritrade Introduces “ETF Market Center”
TD Ameritrade's new ETF Market Center has a list of more than 100 commission-free exchange-traded funds (ETFs), chosen by Morningstar Associates.
Reported by Nicole Bliman
The ETFs are available to retail investors and independent registered investment advisers (RIAs). Those that are included on the list come from a variety of providers.
“We worked with independent experts to create an objective list of ETFs focused on long-term investing. Morningstar Associates considered all ETF providers, and neither TD Ameritrade nor Morningstar Associates will receive any incentive from those firms, for inclusion on the list,” said Fred Tomczyk, president and chief executive officer of TD Ameritrade.
The ETF Market Center is Internet-friendly, according to a press release from TD Ameritrade. Some of the online features include an ETF screener, ETF data, and independent research and commentary from Morningstar to help investors learn more about ETFs, determine whether ETFs fit their needs and create well-diversified, long-term portfolios.