Fidelity has introduced five new actively managed stock ETFs, broadening its suite of options for investors. These include the Enhanced and Fundamental ETFs, with management teams consisting of industry experts such as Satyajit Chandrashekar and Tim Gannon. Additionally, Fidelity has revamped its active high-yield ETF, lowering its total expense ratio from 0.45% to 0.35%, and rebranding it as the Fidelity Enhanced High Yield ETF (FDHY).
Simultaneously, Vanguard has launched two active municipal bond ETFs: the Vanguard Core Tax-Exempt Bond ETF (VCRM) and the Vanguard Short Duration Tax-Exempt Bond ETF (VSDM). These ETFs aim to provide investors with exposure to municipal bonds with competitive expense ratios of 0.12%, compared to higher average ratios among peers. Sara Devereux, global head of Vanguard’s Fixed Income Group, stated that these offerings combine active fixed income expertise with specialized municipal bond management.
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