Fidelity Investments has filed with the Securities and Exchange Commission Dec. 1 to offer a broad range of domestic and international equity and fixed income exchange-traded funds – putting to rest longtime speculations as to when, not if, Fidelity would enter the ETF market.
Fidelity spokeswoman Sophie Launay told IndexUniverse that Fidelity is planning a wide array of ETFs, in terms of asset classes and fund structures, including master-feeder funds.
Fidelity’s previous biggest foray into the ETF market was the offering of 30 Barclays iShares ETFs commission-free on Fidelity’s brokerage platform. The fund giant also currently has one ETF, the $156 million Fidelity Nasdaq Composite Index Tracking ETF.
-- This article first appeared on Money Management Executive.
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