Fidelity's Active ETF Expansion: Enhancing Investment Options for Commission-Free Trading
Introduction
Fidelity Investments, a leading financial services provider, continues to expand its range of investment options by introducing six new active equity ETFs. These ETFs offer investors access to actively managed portfolios without incurring trading commissions.
ETF Availability and Types
The new active equity ETFs are available for purchase through Fidelity's online platform, commission-free. They cover a broad range of investment strategies, including: * Active equity * Thematic * Sustainable This expansion adds to Fidelity's existing suite of ETFs, which includes both passive funds and active management strategies.
Recent ETF Lineup Enhancements
In June 2023, Fidelity announced the launch of 15 active ETFs, bringing its total active ETF lineup to over $1 billion in assets. This latest expansion further strengthens Fidelity's commitment to providing investors with a diverse selection of investment options.
Benefits of Active ETFs
Active ETFs offer several benefits over traditional actively managed mutual funds, including: *
Lower costs: ETFs typically have lower expense ratios than mutual funds. *
Tax efficiency: ETFs can be more tax-efficient than mutual funds due to their in-kind redemption mechanism. *
Intraday liquidity: ETFs trade throughout the trading day, providing investors with the flexibility to enter and exit positions more easily.
Conclusion
Fidelity's introduction of six new active equity ETFs further enhances its comprehensive investment platform. Commission-free trading and a wide range of investment strategies make Fidelity's ETFs an attractive option for investors seeking active management without the added expense of trading commissions.
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