Will offer clients access to high-quality, industry-leading ETFs
BOSTON, Feb. 12, 2019 – On the heels of rewriting the rules of investing through its groundbreaking ZERO offering, Fidelity Investments®, one of the largest financial service providers with $6.7 trillion in total client assets, today announced the expansion of its commission-free exchange traded fund (ETF) platform for individual investors and advisors to include more than 500 ETFs.
The move will offer clients access to high-quality, industry-leading ETFs and further exemplifies Fidelity’s ongoing commitment to providing the best overall value in the industry. Fidelity has more than $380 billion in ETF assets under administration, up nearly 80% over the last three years.1
Partnership with Blackrock
Fidelity’s expanded commission-free ETF platform will include additional iShares ETFs as of February 28. The increase is an extension of Fidelity’s strategic ETF partnership with BlackRock®, Inc. (NYSE: BLK), which continues to deliver significant value to investors across a range of ETF products. Fidelity’s platform also will provide more choice in the smart beta and active ETF categories from more than ten asset managers and leading ETF providers in the coming months. This is in addition to Fidelity’s existing suite of ETFs: 10 factor ETFs, three actively-managed bond ETFs, 11 passive equity sector ETFs and Fidelity ONEQ.
“When combined with the unprecedented Fidelity ZERO Index Funds, significantly reduced pricing on Fidelity’s broad index fund line-up, and our award-winning research, investing tools and customer service, the announcement today further reinforces Fidelity’s relentless focus on providing investors with unparalleled value, simplicity and choice,” said Anthony Rochte, head of Fidelity Institutional’s investments & technology group. “Fidelity continues to lead the way with an offering we believe is unmatched, straightforward and delivers the best investment options in the way that is most impactful for clients and their needs.”