Fidelity to convert $13 billion of mutual funds into ETFs
The shift from mutual funds to exchange-traded funds has affected almost $100 billion in assets, as investors opt for lower-cost, tax-efficient ETFs over mutual funds.
Fidelity Investments is planning to convert six more of its mutual funds into exchange-traded funds, adding to a trend that’s affected nearly $100 billion in assets.
The Boston-based asset manager will turn the six actively managed mutual funds into ETFs in November, according to a filing Wed
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