Thursday, April 24th
Fidelity announced today that a new product is emerging from its alliance with BlackRock. The BlackRock Diversified Income Portfolio will be available through Fidelity’s brokerage service on May 1st. The BlackRock Diversified Income Portfolio, made up of mainly ETFs, is a multi-asset solution for the income investor, providing income opportunities “while carefully balancing the trade-offs between risk and yield.”
Fidelity also announced that last year the 65 iShares ETFs available commission-free through Fidelity have seen an 86% increase in investments than the prior year. The 10 new Fidelity passive sector ETFs are also doing well, having attracted more than $500 million in assets since they were introduced 5 months ago. Click below to read the press release.