Experts in the exchange traded fund industry say Fidelity Investments isn’t capitalizing on the current ETF boom. David Hoffman of Investment News reports on this slow move into ETFs, a fast-growing segment of the asset management space. At some point assets in ETFs will grow to a point that Fidelity will feel pressure.
The truth is that Fidelity has been focused elsewhere. The majority of new assets into Fidelity come from retirement plan relationships. A question brought up at the Tiburon CEO Summit is can Fidelity put off ETF providers and plan sponsors who desire to include ETF’s in their 401K investment options?
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.