Fidelity Investments has announced the start-up of an exchange-traded fund that will be traded in the Nasdaq market.

The portfolio, along with a domestic index mutual fund also launched by the Boston investment company, is to be based on the Nasdaq Composite Index. The exchange-traded fund is the first started by Fidelity, it said last Wednesday.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.