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Rating:Conway Considers Fido's ETF Competitiveness Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, October 25, 2013

Conway Considers Fido's ETF Competitiveness

News summary by MFWire's editors

They're here. Fidelity's [profile] low-cost sector ETFs have hit the market.

Now, what kind of impact will they actually have? Will they put a squeeze on State Street's [profile] own ETFs?

Fido purports that its ETFs are now the lowest priced, beating the competition by two basis points. In one article, Barron's Brendan Conway writes that this is hardly a competitive moat. "Fidelity ends up with the lowest management fees by a microscopic margin," he writes.

In the end, Fido may end up being its own worst competition, Conway writes in another article. Instead of putting the squeeze on ETF giants like State Street, Fido's ETFs may instead draw money from its mutual funds, he writes. 

Edited by: Tommy Fernandez


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