ETFs & Mutual Funds
Fidelity Rides Model-Portfolio Boom as ETF Takeover Gathers Pace
Investments in ETFs within Fidelity’s custom model portfolios have reached 51% at the end of last year.
Photographer: Graeme Sloan/BloombergThis article is for subscribers only.
Fidelity Investments is the latest asset manager to ramp up its model-portfolio business as demand for off-the-shelf and customized investment strategies across asset classes continues to pick up.
The company is launching Target Risk ETF Model Portfolios and the Target Allocation ETF Model Portfolios, two strategies that offer investors exposure to equities, bonds or alternatives by tracking a blend of active and passive exchange-traded funds, according to a Thursday press release. Both are open-architecture, which allows the portfolios to hold products apart from their own.