Fidelity Forays into Low-Cost Funds
Fidelity Investments is a relatively recent entrant to the exchange-traded fund (ETF) provider market. Fidelity, founded in 1946, probably is best known as one of the largest providers of mutual funds and other actively managed funds, featuring actively managed sector funds.
Now, Fidelity has thrown itself into the low-cost end of the ETF pool with an expense ratio of 0.12% for its 10 brand-new passively managed sector ETFs. Additionally, this provider is enticing consumers with no-cost commissions for its own funds and 65 iShares ETFs, as well as $7.95 online commissions for U.S. equities.
Fidelity’s ETFs include coverage of the following areas: consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunications and utilities.
Finish reading the ETF Talk about Fidelity.