Take that Lord Nelson.
It looks like the Boston Behemoth can handle itself in the ETF space despite entering it so late.
Fidelity's ten sector ETFs, launched in October, have garnered $1 billion in AUM, reports
Barron's,
Bloomberg and
Investment News.
Sector ETFs were long the territory of
Vanguard and
State Street.
Fido's awkwardness with ETFs changed when the Behemoth lured back
Tony Rochte from State Street
in March 2012 to
SelectCo, Fido's ETF and speciality sector investments arm.
One of Rochte's accomplishments was shepherding these sector ETFs,
powered by BlackRock.
The ETF territory promises
more room to fight for in the near-future.
But win some, lose some. Vanguard recently
beat Fido in DC I-O assets, albeit by a slender $1 billion. 
Edited by:
Tommy Fernandez
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