MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, October 25, 2013 Conway Considers Fido's ETF Competitiveness They're here. Fidelity's [profile] low-cost sector ETFs have hit the market. Now, what kind of impact will they actually have? Will they put a squeeze on State Street's [profile] own ETFs? Fido purports that its ETFs are now the lowest priced, beating the competition by two basis points. In one article, Barron's Brendan Conway writes that this is hardly a competitive moat. "Fidelity ends up with the lowest management fees by a microscopic margin," he writes. In the end, Fido may end up being its own worst competition, Conway writes in another article. Instead of putting the squeeze on ETF giants like State Street, Fido's ETFs may instead draw money from its mutual funds, he writes. Printed from: MFWire.com/story.asp?s=46540 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |