Fidelity filed for exemptive relief now because many ETF providers have gotten permission from the SEC to do many different kinds of ETFs, said Vin Loporchio, a spokesman at Fidelity, in a Reuters report. “We are always looking for new ways to provide clients with the products and services they want and this relief should position us well to meet those needs,” he said, but declined to elaborate on Fidelity’s plans.
Fidelity Nasdaq Composite Index
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Max Chen contributed to this article.