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Fidelity Converts Six Thematic Mutual Funds Into Active ETFs

Fidelity Investments recently announced plans to convert six actively-managed thematic mutual funds into active equity exchange-traded funds (ETFs) by the middle of next year. While the asset manager already has nine active ETFs with about $720 million in assets, the new thematic funds would be the firm’s first mutual funds to ETF conversions.

Let’s look at Fidelity’s new funds and the broader mutual fund to active ETF conversion landscape.

See our Active ETFs Channel to learn more about this investment vehicle and its suitability for your portfolio.

Fidelity’s New Thematic ETFs

Following a Broader Trend

Mutual funds are steadily losing market share to ETFs
Passively-managed funds have captured market share from actively-managed funds over time

Why Undergo a Conversion?

The Bottom Line