Fidelity Seeks SEC Approval for Actively Run ETF Lineup
This article is for subscribers only.
Fidelity Investments, the firm that lost its position as the biggest U.S. funds provider after ignoring exchange-traded products for years, is seeking to open an actively run ETF lineup starting with a corporate bond fund.
The company, based in Boston, wants approval for a series of exchange-traded funds that would be eligible to invest in stocks, bonds or other assets, including mutual funds or ETFs, according to a filing yesterday with the U.S. Securities and Exchange Commission. The initial fund, with no introduction date listed, would invest mainly in investment-grade corporate debt.