Fidelity Practically a “No Show” in ETF Arena
| Oct 23rd, 2006 | Filed under: Portable Alpha & Alpha/Beta Separation, Retail Investing | By: Alpha Male |
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By: David Hoffman, Investment News
Published: October 23, 2006
Smaller events on the PGA and ATP Tours always have a problem attracting the big names. Take, for example, the Canadian stop on the ATP Tour. It seems that every year the top players fall victim to some freak injury right before the Rogers Cup. Thankfully, they always recover by the next weekend when they are able to compete in the (much more lucrative) US Open. Ditto for golf’s Canadian Open.
But the ETF industry is no Canadian Open. As this article shows, the ETF sector is the Masters of the investment management industry. So why has Fidelity taken a pass?
Like the “accident-prone” athletes above, Fidelity might just be making so much money on its active management that it can afford to take a pass. Or, like these athletes, it may be just saving itself for the big show:
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