Fidelity Investments added 11 new ETF manufacturers to its commission-free ETF platform on Monday, expanding its offering to over 500 ETFs, including smart beta and active ETFs.
The new ETF manufacturers added to the platform include: American Century, First Trust, Franklin Templeton, Goldman Sachs Asset Management, Invesco, Janus Henderson, John Hancock Investments, J.P. Morgan Asset Management, Legg Mason Global Asset Management, PIMCO and State Street Global Advisors SPDR ETFs.
The expanded platform is designed to help clients create diversified portfolios that help meet their investment goals. The ETFs in the lineup have an average expense ratio of 0.36% and represent 69 Morningstar categories. Industry assets under management in Fidelity’s available commission-free ETFs account for 40% of the overall U.S. ETF market.
“Fidelity’s commission-free ETF platform delivers on the choice and simplicity that our customers expect, with a focus on high-quality ETFs from leading providers that will make it even easier for investors and advisors to help build the right portfolios for their needs,” said Anthony Rochte, head of Fidelity Institutional’s investments & technology group.
To learn more about Fidelity’s expanded commission-free ETF lineup, click here.
Learn more about smart beta ETFs in our Smart Beta Channel.