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Matt Reiner Comments to Investment News About Fidelity’s New ETF Offerings

After a ten year absence in the ETF marketplace, Fidelity Investments has introduced its newest exchange-traded fund product.  With its launch of 10 sector ETFs, advisors are divided on the introduction of the new product, as Investment News questions whether or not their offering is perhaps too late to be considered a market place competitor.  Matt Reiner doesn’t see Fidelity’s offering as an favorable move. 

After a ten year absence in the ETF marketplace, Fidelity Investments has introduced its newest exchange-traded fund product.  With its launch of 10 sector ETFs, advisors are divided on the introduction of the new product, as Investment News questions whether or not their offering is perhaps too late to be considered a market place competitor.  Matt Reiner doesn’t see Fidelity’s offering as an favorable move. “It’s not something that made me jump out of my seat … I don’t know how exciting they’ll be to strategists,” he comments.

 

With the lowest basis points on the market, Fidelity has positioned itself for direct competition with leading ETF companies.  But despite the appeal of low cost, advisors and Fidelity’s competitors alike don’t see the 10 sector as a threat.  The overwhelming sentiment seems to be that Fidelity has a lot of catch up to do in order to be of any real consequence to the more established companies.

 

Read the full article.


 

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