Fidelity to Launch 5 New Active ETFs, Cuts Fee on High-Yield ETF

Fidelity Investments is expanding its lineup of exchange-traded funds with the summation of 5 actively-managed equity ETFs. It is besides slashing fees connected an existing fund, the institution said Thursday.

The expanded ETF lineup comes amid a shifting scenery successful the plus absorption industry. Investors progressively favour ETFs implicit communal funds due to the fact that they are casual to commercialized and tax-efficient. As a result, plus managers person raced to motorboat caller progressive ETFs. This twelvemonth 328 person launched arsenic of Sept. 30, according to Morningstar.

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