On the heels of rewriting the rules of investing through its groundbreaking ZERO offering, Fidelity Investments, one of the largest financial service providers with $6.7 trillion in total client assets, today announced the expansion of its commission-free exchange traded fund (ETF) platform for individual investors and advisors to include more than 500 ETFs. The move will offer clients access to high-quality, industry-leading ETFs and further exemplifies Fidelitys ongoing commitment to providing the best overall value in the industry. Fidelity has more than $380 billion in ETF assets under administration, up nearly 80% over the last three years.1
Fidelitys expanded commission-free ETF platform will include additional iShares ETFs as of February 28. The increase is an extension of Fidelitys strategic ETF partnership with BlackRock, Inc. (NYSE: BLK), which continues to deliver significant value to investors across a range of ETF products. Fidelitys platform also will provide more choice in the smart beta and active ETF categories from more than ten asset managers and leading ETF providers in the coming months. This is in addition to Fidelitys existing suite of ETFs: 10 factor ETFs, three actively-managed bond ETFs, 11 passive equity sector ETFs and Fidelity ONEQ.
When combined with the unprecedented Fidelity ZERO Index Funds, significantly reduced pricing on Fidelitys broad index fund line-up, and our award-winning research, investing tools and customer service, the announcement today further reinforces Fidelitys relentless focus on providing investors with unparalleled value, simplicity and choice, said Anthony Rochte, head of Fidelity Institutionals investments & technology group. Fidelity continues to lead the way with an offering we believe is unmatched, straightforward and delivers the best investment options in the way that is most impactful for clients and their needs.
About Fidelity Investments
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Fidelitys mission is to inspire better futures and deliver better outcomes for the customers and businesses we serve. With assets under administration of $6.7 trillion, including managed assets of $2.4 trillion as of December 31, 2018, we focus on meeting the unique needs of a diverse set of customers: helping more than 28 million people invest their own life savings, 23,000 businesses manage employee benefit programs, as well as providing more than 13,000 financial advisory firms with investment and technology solutions to invest their own clients money. Privately held for 70 years, Fidelity employs more than 40,000 associates who are focused on the long-term success of our customers. For more information about Fidelity Investments, visit www.fidelity.com/about.
Free commission offer applies to online purchases of Fidelity ETFs and select iShares ETFs in a Fidelity brokerage account. The sale of ETFs is subject to an activity assessment fee (of between $0.01 to $0.03 per $1,000 of principal).
ETFs are subject to market fluctuation and the risks of their underlying investments. ETFs are subject to management fees and other expenses. Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their NAV, and are not individually redeemed from the fund.
For iShares ETFs, Fidelity receives compensation from the ETF sponsor and/or its affiliates in connection with an exclusive, long-term marketing program that includes promotion of iShares ETFs and inclusion of iShares funds in certain FBS platforms and investment programs. Additional information about the sources, amounts, and terms of compensation is described in the ETFs prospectus and related documents. Fidelity may add or waive commissions on ETFs without prior notice.
Fidelity now offers the Fidelity ZERO Total Market Index Fund (FZROX), Fidelity ZERO International Index Fund (FZILX), Fidelity ZERO Large Cap Index Fund (FNILX), and Fidelity ZERO Extended Market Index Fund (FZIPX) available to individual retail investors who purchase their shares through a Fidelity brokerage account.
Fidelity, Fidelity Investments, Fidelity Investments and the pyramid logo are registered service marks of FMR LLC.
BlackRock and iShares are registered trademarks of BlackRock, Inc. and its affiliates.
Investing in stock involves risks, including the loss of principal.
Before investing in any mutual fund or exchange-traded product, you should consider its investment objectives, risks, charges and expenses. Contact Fidelity for a prospectus, offering circular, or, if available, a summary prospectus containing this information. Read it carefully.
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1 Source: Fidelity Investments; As of 12/31/18.