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Fund Times

Fidelity and BlackRock Broaden ETF Partnership

Fidelity has more than doubled the number of commission-free iShares ETFs available through Fidelity's brokerage platform. Also, Joe Balestrino to leave Federated, a host of manager changes at Winslow Capital, Prudential cuts ties with Marsico, and fund closings at Touchstone and Prudential.

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On Wednesday, March 13, Fidelity and BlackRock announced they are expanding the suite of iShares exchange-traded fund products available through Fidelity's brokerage platform. Since the two firms established their partnership three years ago, the number of passively managed iShares ETFs available commission-free on Fidelity's platform has risen to 30 from 25. Now, the companies are more than doubling that lineup to 65 ETFs total, increasing the assets covered by the partnership to encompass 18% of all industry assets.

In addition, Fidelity is expanding access to the iShares lineup to new audiences. Registered investment advisors will be able to buy and sell the funds commission-free in their clients' accounts through the company's Institutional Wealth Services channel. The two firms are also collaborating to develop ETF wrap solutions, which will be available through Fidelity's Portfolio Advisory Services channel.

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Morningstar Fund Analysts does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.