is surveying client demand for more exchange-traded funds (ETFs), reported
Frederick P. Gabriel Jr. of InvestmentNews
Fidelity is considering an actively managed ETF product, reported Gabriel. "There are a lot of people who have talked to us about the possibility of [actively managed ETFs]," Gabriel reported John Sweeney
, senior vice president of mutual fund product, as saying.
The industry giant launched its first and so far, only ETF called OneQ in October 2003. In March, Fidelity announced that OneQ would be trade-commission free until August 31, 2004.
The fund had $91 million in assets at the end of April.
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