Interactive Brokers Goes Live with New Funds and Fund Families

Interactive Brokers, an American multinational brokerage firm, has added some new funds and fund families to its Mutual Funds Marketplace.

According to the US-based brokerage firm, Global Fund Families newly added to the platform include:

Andbank Asset Management; Baillie Gifford & Co. Ltd.; Credit Suisse Funds; DNCA Finance; Edmond de Rothschild Europe; First Sentier; FISCH AM (LU); FundPartner Solutions; GaveKal (IE); Guinness Atkinson Funds; Henderson Management (LU); IFSL (IE); Kotak Mahindra Bank Ltd.; Man Asset Management; Pareturn (LU); RWC Partners.

New US Fund Families include:

Ariel Funds; Axonic Funds; Easterly Funds Trust; Kayne Anderson Funds; Sphere Funds; Stone Ridge Funds; Value Line Funds.

The Interactive Brokers Mutual Funds Marketplace provides clients from over 200 countries and territories with access to more than 45,000 funds from 475 fund families, including Allianz, American Funds, BlackRock, Fidelity, Franklin Templeton, Invesco, MFS and PIMCO.

IBKR does not charge a custody fee. In addition, it offers over 7,700 funds with no transaction fees, while fee funds outside the US charge EUR 4.95 (or equivalent).

Interactive Brokers has been regularly expanding its fund families lineup. This is the broker's third addition of funds and fund families since June of this year, bringing the total number of new Global Fund Families to 65 and new US Fund Families to 22.

The new addition comes after the broker published TWS Beta Version 10.14, a new (beta) version of its TWS platform that provides support for Mutual Funds in Model Portfolios. Traders can add funds to an existing model, or create a new model to invest in the fund. 

The addition shows Interactive Brokers' efforts to expand the product offering of its Mutual Funds Marketplace, which will help attract more investors while increasing its presence in the industry.