WisdomTree has reached agreements with Questrade to provide commission-free ETFs on the Questrade platform.
Also as part of the agreements, WisdomTree Canada has agreed to acquire the right to manage Questrade Wealth Management’s eight ETFs, subject to unitholder and regulatory approvals, a release said on Thursday.
It is expected that for most of the funds, the Questrade ETFs will merge into existing funds managed by WisdomTree Canada, while WisdomTree Canada is expected to become the trustee and manager for one of the existing Questrade ETFs. Both cases involve a change of the fund manager for those Questrade ETFs.
Commission-free WisdomTree ETFs
The agreement for commission-free ETFs includes all of the WisdomTree Canadian ETFs. “In addition, both companies will work together to develop and deploy a variety of ETF-focused educational initiatives and resources for Questrade clients, including webinars, newsletters and reports on investing topics,” a release says. WisdomTree will also become a consultant for Questrade’s Portfolio IQ.
Also read:
TSX’s ETF listings double in past 5 years