Fidelity Is Said To Plan Jump Into ETFs With Active Funds

By
Devon Layne
August 06, 2012
Share:

 

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

'HEDJ,' the euro-hedged equity fund, added $199 million on Friday, Jan. 23, as total U.S.-listed ETF assets ended the day at $2.016 trillion.

'IWM,' 'HYG' and 'EEM' paced iShares' issuer-leading inflows on Friday, Jan. 23, as total U.S.-listed ETF assets rose to $2.106 trillion.

ETF.COM ANALYST BLOGS

By Dave Nadig

Sometimes it’s what’s under the hood that matters. Sometimes it’s not.

By Dave Nadig

President Obama may be undermining the benefits of tax-loss harvesting.

By Scott Burley

Wouldn’t it be nice to know if your favorite ETF were part of a securities-lending program?

By Dave Nadig

Long term, the floating Swiss franc is good for you.