Fidelity’s New Service Charge Spells Trouble for ETFs and Asset Managers
Wednesday, 3 April 2024, 17:44
Fidelity's New Service Charge
Some asset managers face a tough decision concerning Fidelity Investments' support agreement and the associated service charge.
Existential Threat to ETFs
Asset managers may have to relinquish part of the revenue their exchange-traded funds generate through Fidelity's platform.
This move could impact the viability of certain ETFs in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.