Fidelity’s 8-Month-Old ETFs Exceed $1 Billion in Assets
Advisors can trade the 10 passively managed sector ETFs commission-free.
Top Portfolio Products: ProShares Rolls Out Emerging Market Bond ETF; China Gets S&P 500-Based ETF
Meanwhile, Franklin Templeton and K2 roll out multi-strategy product, and a Power Dividend Index Fund is introduced in the U.S.
In Competitive Stroke, Fidelity Launches Low-Cost, No-Commission ETFs
Trading began Thursday on 10 new Fidelity sector ETFs offered at 12 bps, with BlackRock as the funds’ subadvisor. Fidelity move may threaten Schwab and TD Ameritrade's ETF platforms for advisors.