Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:How Do Fido's and T.Rowe's Active ETF Plans Compare? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 11, 2013

How Do Fido's and T.Rowe's Active ETF Plans Compare?

Reported by Tommy Fernandez

Now that Fidelity [profile] and T. Rowe [profile] are both entering the active ETF space, what kind of damage can they do in this market?

To search for clues, MFWire examined the SEC filings from Fidelity and T Rowe to see what they might be planning.

Both will use master fund and feeder structures to create the funds.

Below are some notable details:

The Players Fidelity Fidelity Commonwealth Trust, Fidelity Management & Research Company, and Fidelity Distributors Corporation T. Rowe T. Rowe Price Associates, Inc., T. Rowe Price Institutional Income Funds, Inc., and T. Rowe Price Investment Services, Inc. Coverage

T. Rowe Initially, T. Rowe will offer one actively-managed investment series: the T. Rowe Price Diversified Bond ETF. The objective of this fund will be to achieve positive total returns with an emphasis on income.

Future categories include the basics: domestic equities, global equities, domestic and global fixed income.

Fidelity Fidelity doesn't specify what the first fund will cover, but it looks like the firm intends to aggressively expand into a wide variety of categories fairly quickly: including foreign and domestic equities and fixed income; Long/Shorts and 130/30s.

Fees

T. Rowe Neither sales charges (or loads) for purchases of Shares are currently expected to be imposed by the adviser nor are Rule 12b-1 distribution fees currently expected to be imposed by any fund, though applicants reserve the right to impose such fees in the future.  However, each fund may impose a transaction fee in connection with the purchase and redemption of creation units.  Further, investors purchasing or selling shares or deposit or redemption instruments in the secondary market may incur customary brokerage commissions, fees and expenses. Fidelity No sales charges for purchases of creation units of any fund are contemplated. Each fund will charge a transaction fee only to those investors purchasing and redeeming shares in creation units.  Investors purchasing and selling shares in the secondary market may incur customary brokerage commissions, fees and expenses.  Each Fund is authorized to implement a plan under Rule 12b-1 of the Act of up to 25 basis points, calculated on the average daily NAV of each Fund. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use