The departing President of Fidelity Investments, Rodger Lawson, said the firm might roll out actively traded ETFs modeled after their very successful Select Mutual Funds that invests in sub sectors of the market. This news is important to ETF investors because it would add a very strong and profitable competitor to the rapidly growing industry. We could see fees drop and liquidity increase on specialized actively traded ETFs. Thus far, Fidelity has sat out the explosive growth of ETFs which now exceeds $1,000,000,000,000 in assets.
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