Fidelity expands commission-free platform to over 500 ETFs

12 Feb 2019

Fidelity expands commission-free platform to over 500 ETFs

Fidelity Investments, one of the world's largest investment managers, said on Tuesday it has expanded its commission-free exchange traded fund (ETF) platform to include more than 500 ETFs.

The expansion is a part of Fidelity's partnership with asset manager BlackRock Inc (NYSE:BLK), the company said https:// in a statement.

Poor performance of asset managers toward the end of 2018 prompted investors to withdraw cash from actively managed institutional funds in the fourth quarter, but people parked record cash in the company's low-cost exchange traded funds.

Fidelity has more than $6.7 trillion of assets under management, including $380 billion in ETF assets, and currently serves more than 13,000 institutions.

The platform will offer ETFs from over ten asset managers, including iShares ETFs.

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