Bringing you live news and features since 2006 

Fidelity strengthens Index Mutual Fund Line-up


Fidelity Investments has announced a series of enhancements to its line-up of index mutual funds, including the launch of three new equity funds, replacing the Spartan name with Fidelity, and expanding availability of its institutional share classes to investors on and off the Fidelity platform.

Fidelity has been managing index funds for more than 25 years. The company, which is the 2nd largest index mutual fund manager in the industry with more than USD216 billion in assets under management,1 now offers 19 Fidelity equity, fixed income and hybrid index mutual funds, 13 Fidelity Freedom Index Funds, and 12 Fidelity passive ETFs.

“Over nearly three decades, Fidelity has built one of the largest and most compelling index fund offerings in the industry,” says Colby Penzone, senior vice president for Fidelity’s Investment Product Group. “These enhancements build on that legacy and our ongoing commitment to provide tens of millions of customers — individual investors, workplace retirement plan sponsors and participants, and financial advisors — access to a wide-array of high-quality, low-cost index funds as well as managed solutions.”

Latest News

BlackRock's iShares, an undisputed leader among European ETF issuers, pushed further ahead in Q1 with EUR173 billion in trades, triple..
European ETFs raised USD47.8 billion in Q1, a 15 per cent increase compared to the same period in 2023, according..
LSEG Lipper’s March report finds that globally equity ETFs (+EUR113.2 billion) enjoyed the highest estimated net inflows for the month,..
Morningstar has published a review of the European ETF market for the first quarter 2024, which finds that it gathered..

Related Articles

etf active trading
Latest Morningstar data shows actively managed ETFs’ share of the US ETF market rose to 8.5 per cent at the...
Kristen Mierzwa, FTSE Russell
Index Investments Group (IIG), a division within index provider FTSE Russell, has extended its range of indices through two new...
US ETF issuers of active ETFs are facing an increase in fees from the big custodian firms, such as Charles...
Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by