Fidelity Launches Its First ETF Share Classes
Fidelity is introducing its first ETF share classes, converting three mutual funds into exchange-traded versions. The new ETFs—FIMU, FREI, and FSTB—are listed on Nasdaq and mirror the underlying portfolios of their mutual fund counterparts. This move aligns with a broader industry trend following regulatory changes that have enabled wider adoption.
Topics: ETFs Fidelity Investments mutual funds regulatory changes