Fidelity Investments, the firm that lost its position as the biggest U.S. funds provider after ignoring exchange-traded products for years, is seeking to open an actively run ETF lineup starting with a corporate bond fund.
The company, based in Boston, wants approval for a series of exchange-traded funds that would be eligible to invest in stocks, bonds or other assets, including mutual funds or ETFs, according to a filing yesterday with the U.S. Securities and Exchange Commission. The initial fund, with no introduction date listed, would invest mainly in investment-grade corporate debt.
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