Fidelity prepares move into ETFs

08/1/2013 | InvestmentNews (free registration)

Fidelity Investments has a total of 15 exchange-traded funds waiting for approval from the Securities and Exchange Commission, including 10 passively traded funds and three actively traded bond funds. "Fidelity does have the ability to dominate the actively managed ETF space if they want to," said Jim Lowell, editor of the Fidelity Investor Newsletter. "They are aggressively going after the active ETF income space."

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