Seeing an increased appetite for munis from individual buyers, Fidelity Investments has ramped up its underwriting capabilities in recent years, saying it wants to give clients quicker access to new product with better prices and more transparency.
The Boston-based brokerage and mutual fund behemoth has been involved in underwriting municipal bonds since the late 1980s through its trading arm, Fidelity Capital Markets. In 2007, FCM opened a public finance division to boost its negotiated underwriting business.
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