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

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

Rating:Picture This: A Fidelity ETF Targeting State Street Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, March 15, 2013

Picture This: A Fidelity ETF Targeting State Street

News summary by MFWire's editors

Fidelity [profile] isn't a big ETF shop, but if the Boston behemoth were to push into the business, its ETFs might look something like this: complex and index-beating.

At least, that's the vision outlined by Todd Rosenbluth, S&P Capital IQ's director of ETF and mutual fund research, for Barron's.

Such speculation has become important in the wake of the announcement yesterday that Fidelity and BlackRock are expanding their relationship such that the number of iShares ETFs offered on Fidelity.com will jump from 30 to 65.

Some pundits have argued that this alliance means that Fido is pulling away from developing its own ETFs, but Rosenbluth "doesn’t share those doubts. He thinks the Boston-based company has already invested itself heavily in the idea of launching new ETFs."

Instead, Rosenbluth told Barron's that Fidelity will like offer products different from iShares, which commands more than 40 percent of the ETF market, and Vanguard, which accounts for 19 percent.

According to the Barron's article, Rosenbluth said that Fidelity's efforts "would aim instead at launching more complex and, ideally, index-beating funds in territory occupied by the #2 in ETFs, crosstown asset-management peer State Street."

Read more in Barron's.  

Edited by: Tommy Fernandez

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

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q1
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:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use