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Fidelity Launches 10 U.S. Equity Sector ETFs

Fidelity finally makes its move into the equity sector ETF world. Also, a new actively managed, global commodity ETF from First Trust, the world's first-ever robotics ETF launches, WisdomTree draws up plans for an international hedged dividend growth ETF, and J.P. Morgan delists three ETNs.

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On Oct. 24, Fidelity rolled out its long-awaited batch of 10 passively managed, U.S. equity sector exchange-traded funds.

Tracking MSCI indexes and subadvised by BlackRock, the new ETFs are managed by Fidelity's new SelectCo unit. Most notably, the new ETFs launched with the lowest expense ratios of any equity sector ETFs available--just 0.12%. That undercuts both Vanguard, which offers many of its equity sector funds for 0.14%, and State Street, whose SPDR sector funds cost 0.18%.

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

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