Kathleen Murphy, president of personal investing at Fidelity Investments, has previously stated that the firm would partner with iShares to launch passive ETF sector funds. He also said that Fidelity will also focus on active ETFs and smart-beta ETFs as well. [Fidelity, iShares Expand ETF Partnership: What Does it Mean?]
Fidelity currently manages one ETF, Fidelity Nasdaq Composite Index (NasdaqGM: ONEQ).
In March, Fidelity and iShares expanded their “strategic” partnership to included a more commission-free ETFs on the Fidelity brokerage platform. The new suite of Fidelity sector ETFs could also trade commission free on the platform, which would help the new offerings compete against current sector ETFs.
For more information on new product launches, visit our new ETFs category.
Max Chen contributed to this article.