Fidelity[profile] is still "working out the kinks" in the new actively managed ETFs they received approval to launch in May, reported InvestmentNews.

Ron O'Hanley, president of asset management at Fidelity made the statement last Friday at the Morningstar Investment Conference.

O'Hanley said Fidelity looking at how possible upheavals in the bond market would affect the funds, using stress tests. Broker-dealers have been educing their bond inventories since the recession hit. The average amount of money held in corporate bonds by brokers dealers has fallen from $250 billion during the financial crisis to $40 billion today.

MFWire also covered O'Hanley's comments yesterday. 

Edited by: Casey Quinlan


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