The program is in partnership with iShares parent company
Fidelity has also upgraded its website to include viewpoints on ETF investing strategies, research and fund evaluation tools.
“Fidelity has partnered with the leading ETF provider in the market to bring investors the best brokerage offering in the industry today,” said Kathleen A. Murphy, president of personal investing at Fidelity. “Simply put, we’re offering the broadest selection of commission-free ETFs from the undisputed ETF leader, and it’s only available through Fidelity.”
Fidelity said many of its self-directed investors are increasingly turning to ETFs because of their intraday trading capabilities, low costs, tax efficiencies and broad market access.
Although speculation has increased in recent months that Fidelity itself might offer ETFs, this move somewhat dispels that notion, especially because Fidelity is waiving the commissions for at least three years.