Fidelity Flexes Muscle in ETF Market with Revenue-Sharing Push
Fidelity Investments is scoring wins on revenue-sharing agreements with exchange-traded fund (ETF) managers following a controversial fee policy. Investors use Fidelity’s platform to buy ETFs, and ETF managers typically charge fees. Fidelity wanted a slice of that pie. The company struck deals with nine ETF issuers who were previously facing potential surcharges for their funds…