Fidelity Launches 3 Actively Managed Bond ETFs
The firm's first actively managed exchange-traded funds mirror strategies found in its mutual funds.
Today, Fidelity debuted its first actively managed exchange-traded funds: a trio of bond ETFs whose strategies mirror those of three of Fidelity's actively managed mutual funds.
Fidelity first filed paperwork with the SEC seeking permission to create actively managed ETFs in December 2012. Fidelity has been in the passively managed ETF space since 2003 with its Fidelity Nasdaq Composite Index Tracking Stock (ONEQ), although it wasn't until October 2013 that the firm rolled out a broad suite of passively managed U.S. equity sector ETFs.
Robert Goldsborough does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.