Fidelity Set to Launch ETFs Based on Legendary Mutual Fund
October 05, 2020 at 09:17 AM EDT
A mainstay in Fidelity Investments’ list of mutual funds, Fidelity Magellan Fund, will see exchange-traded fund (ETF) spin-offs. The fund has been a stellar performer in its heyday, but fees have since swallowed up the fund’s ability to generate a return relative to its ETF peers. Per a...