Those funds now have a combined $1.4 billion led by popular offerings such as the Fidelity MSCI Information Technology Index ETF (NYSEArca: FTEC), the Fidelity MSCI Health Care Index ETF (NYSEArca: FHLC) and the Fidelity MSCI Financials Index ETF (NYSEArca: FNCL)

By comparison to some other actively managed ETFs, Fidelity’s new offerings represent value propositions, particularly the Fidelity Corporate Bond ETF. Brown notes the first actively managed investment-grade corporate bond ETF gives investors exposure to Fidelity’s team of over 400 combined equity and fixed income analysts which is “incredible value to get that level of market intelligence for just 45 basis points,” he said.

All three of Fidelity’s new ETFs charge just 0.45% per year, low by the standards of actively managed ETFs, and each is available commission-free to Fidelity clients. Fidelity now offers 84 ETFs on its commission-free platform.

“Of the $17 billion in total actively managed ETF assets, fixed income represents 76 percent and has grown at an average annual rate of 158 percent since January 2010,” said Fidelity in a statement.