http://www.businesswire.com/news/ho...-Brokers-Group’s-Covestor-Launches-Smart-Beta "February 23, 2017 09:38 AM Eastern Standard Time GREENWICH, Conn.--(BUSINESS WIRE)--Interactive Brokers Group, Inc. (NASDAQ GS:IBKR), an automated global electronic broker and market maker, announced today the launch of 10 Smart Beta portfolios. The new portfolios are managed by Interactive Brokers Group’s Covestor subsidiary, a pioneer in online investing. “These are unique products that combine the advantages of actively-managed mutual fund stock-selection techniques and the low cost of exchange traded funds,” said Thomas Peterffy, Chairman and CEO of Interactive Brokers Group, Inc. The 10 Covestor Smart Beta portfolios have low management fees of 0.08%, industry-low brokerage fees ranging between 0.01% and 0.15% depending on investment amount, and investment minimums of $5,000. The initial Covestor Smart Beta products include broad-based equity, value, growth, quality and high-dividend portfolios."