Nancy Prior President Fixed Income Discusses Fidelity’s Launch of Actively Managed Bond ETFs
Post on: 16 Март, 2015 No Comment
Fidelity Investments today announced it has expanded its overall Exchange Traded Fund (ETF) offering for investors and financial advisors with the introduction of the company’s first suite of actively managed fixed income ETFs.
Fidelity’s three new actively managed fixed income ETFs — Fidelity Total Bond ETF (ticker: FBND), Fidelity Limited Term Bond ETF (ticker: FLTB) and Fidelity Corporate Bond ETF (ticker: FCOR) — will commence trading on the New York Stock Exchange today, October 9, 2014, at 9:30 a.m. Eastern Time. Each of the new ETFs are competitively priced with total expense ratios 2 of 0.45 percent. In addition, investors and registered investment advisors (RIAs) can purchase the three ETFs commission-free online through one of Fidelity’s brokerage platforms.
“With the launch of these three Fidelity ETFs, investors and advisors who are seeking the benefits and flexibility of an ETF vehicle can now access three of our flagship active bond strategies,” said Bob Brown, president of Fidelity’s Bond division. “By leveraging Fidelity’s active fixed income investment management capabilities, including one of the deepest research teams in the industry, our new ETFs also offer investors and advisors the potential to outperform an index.”
“Fidelity has been in the ETF business for more than a decade offering our customers access to one of the industry’s strongest platforms,” said Ram Subramaniam, president of Fidelity Brokerage. “The new Fidelity active ETFs reinforce our commitment to delivering exceptional value to our customers… value not just in terms of competitive pricing, but also in the quality of asset managers, breadth of the offering and depth of educational resources.”
Competitively priced with total expense ratios of 0.45 percent, Fidelity’s three ETFs are managed by experienced portfolio managers:
- Fidelity Total Bond ETF / Ford O’Neil, Pramod Atluri and Michael Foggin Fidelity Limited Term Bond ETF / Rob Galusza and David Prothro Fidelity Corporate Bond ETF / Michael Plage and David Prothro
“While active ETFs are still in their infancy, we are seeing increased demand and believe that the market is ready for more choice in the active approaches offered through the ETF structure” said Scott E. Couto, president of Fidelity Financial Advisor Solutions. “We believe our ETF offering offers investors and advisors excellent choice across the duration spectrum, including a true, core fixed income strategy.”