FYI: Fidelity Investments launched three multifactor exchange-traded funds on Thursday, boosting the company’s bet on factor investing as it expands its ETF lineup.
All three products follow indexes developed in-house that track companies that Fidelity’s research analysts believe have attractive valuations, high-quality profiles, positive momentum signals and lower volatility than broader market indexes.
Regards,
Ted
https://www.fa-mag.com/news/fidelity-debuts-three-multifactor-etfs-43565.html?print
Comments
Fidelity’s entire ETF lineup can be bought commission-free on Fidelity’s online brokerage platform. Earlier this month, the company announced it was nearly doubling the number of funds that can be bought commission-free on its platform to more than 500 products from various asset managers. That expansion takes effect today.
https://www.reuters.com/article/us-fidelityinvestments-etf/fidelity-schwab-expand-commission-free-etfs-to-over-500-idUSKCN1Q12BZ
As of today, per its press release, "Fidelity is [still] in the process of expanding its commission -free ETF platform for individual investors and advisors to include more than 500 ETFs". Its ETF page reports 357 ETFs are NTF, only Fidelity and some iShares.
The only thing that Fidelity did immediately was add some iShares. It's nowhere near the 500 that FA Mag said was coming by today.
Schwab has just posted its 501 NTF ETFs:
https://www.schwab.com/public/schwab/investing/investment_help/investment_research/etf_research/etfs.html?&path=/Prospect/Research/etfs/overview/oneSourceETFs.asp
Meanwhile, Vanguard Brokerage Services has been selling 1800 ETFs without a transaction fee for the past six months. That's supposed to be 90% of the 2000 ETFs on the market.
https://pressroom.vanguard.com/news/Press-Release-Vanguard-Launches-Commission-Free-ETFs-082118.html