قالب وردپرس درنا توس
Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Fidelity, Schwab extend commission-free ETF's to over 500

Fidelity, Schwab extend commission-free ETF's to over 500



FILE PHOTO: A character signs a Fidelity Investments office in Boston, Massachusetts, USA on September 21, 2016. REUTERS / Brian Snyder

(Reuters) ̵

1; Fidelity Investments, one of the world's largest investment managers, said Tuesday had expanded its commission-free exchange traded fund (ETF) platform to include more than 500 ETF's.

The expansion is part of Fidelity's partnership with asset manager BlackRock Inc, the company said bit.ly/2BzXqu6 in a statement.

The poor performance of the assets at the end of 2018 prompted investors to withdraw money from actively managed institutional funds in the fourth quarter, but people parked record cash in the company's cost-driven fund.

Earlier in the day, another investment manager, Schwab, said it would also double its ETF lineup and add iShares ETF's to its offer.

Schwab customers will be able to buy and sell 503 ETFs starting March 1, the company said in a statement.

Fidelity has more than $ 6.7 trillion of assets under management, including $ 380 billion in ETF assets, and currently serves more than 13,000 institutions.

The platform will offer ETFs from over 10 activity managers, including iShares ETF's.

Reporting of Bharath Manjesh and Diptendu Lahiri in Bengaluru; Editing by James Emmanuel and Anil D & # 39; Silva

Our Standards: Thomson Reuters Trust Principles.

Source link