BlackRock is also the subadvisor for the 10 new sector ETFs from Fidelity. Fidelity Senior Vice President Gregory Friedman also spoke at the ETF Virtual Summit, highlight Fidelity’s partnership with BlackRock.
Last year, Fidelity and iShares expanded their partnership to included a more commission-free ETFs on the Fidelity brokerage platform. That relationship expanded in October when Fidelity launched 10 sector ETFs, all with expense ratios of 0.12% per year, making the suite the least expensive group of U.S. sector ETFs.
Those funds include the Fidelity MSCI Industrials Index ETF (NYSEArca: FIDU) and the Fidelity MSCI Financials Index ETF (NYSEArca: FNCL).
To watch the interviews with Larry Fink and Gregory Friedman “on demand,” click here.