Fidelity Is Said To Plan Jump Into ETFs With Active Funds

By
Devon Layne
August 06, 2012
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Fidelity Investments, the Boston-based firm known for its income-oriented stock funds, sets its eyes on the actively managed ETF space and hopes to become the dominant force through a series of industry-focused equity funds, according to an article published on Bloomberg.

The firm’s ETF division is set to be in Denver and will be headed by Anthony Rochte, a former managing director at State Street Global Advisors, according to an unnamed source. Fidelity has yet to make any official statements.

To read more of the report, go to Bloomberg.com.

ETF DAILY DATA

The oil funds 'XOP' and 'OIH' gathered money on Thursday, April 16, helping lift total U.S.-listed ETF assets to a record $2.158 trillion.

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