Among its peers, Fidelity hasn’t been the most aggressive in its attempt to accommodate ETF investors. But the Boston-based firm is trying to change that.
Fidelity and BlackRock announced a deal that allows customers of Fidelity Brokerage Services to buy and sell 65 iShares ETFs commission-free. The move increases the number of eligible iShares funds from its previous figure of 30.
The ability to buy and sell ETFs without paying a brokerage commission is one of the biggest unfolding trends in the ETF marketplace.
Fidelity’s commission-free ETF menu now includes 10 iShares Core ETFs, like the popular iShares Core S&P 500 (IVV) and the iShares Core Total U.S. Bond Market ETF (AGG). IVV, one of the largest equity ETFs, has $39.9 billion in assets and charges annual expenses of just 0.07%. AGG has $14.8 billion and charges 0.08%.
Also included in the mix are iShares ETFs covering international stocks, fixed income and specialized equity sectors.