Fund Companies to Expand ETF Presence in `12 By Virginia Munger Kahn
The stage is set for more exchange-traded fund launches from traditional fund companies this year. Last month, Fidelity investments moved to significantly expand its role in the ETF market by filing an application for exemptive relief with the Securities and Exchange Commission to roll out a suite of ETFs. The filing envisions the launch of index-based domestic and international stock and bond funds including 130/30 and other long/short funds. “This …