The world of sector exchange traded funds is largely dominated by State Street Global Advisors (SSgA) and Vanguard, but other players have decent footprints in the space. That includes mutual fund Fidelity.
Massachusetts-based Fidelity joined the sector ETF fray 2 1/2 years ago with 10 funds, which at the time were the least expensive sector ETFs on the market. Fidelity has since added an 11th sector fund, the Fidelity MSCI Real Estate ETF (NYSE: FREL) while Vanguard has since reclaimed the title of issuer of the least expensive sector ETFs.
Fidelity's ascent in the crowded sector ETF arena is notable, particularly when considering the issuer's late entry.
Crashing The Party
"Fidelity crashed the sector ETF party two-and-a-half years ago with the rollout of its passively MSCI-based index lineup tied to the 10 GICS sectors. More than a year later they added ...
/www.benzinga.com/trading-ideas/long-ideas/16/03/7177621/the-other-sector-etf-player alt=The Other Sector ETF Player>Full story available on Benzinga.com
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