FNF - Fidelity Pushes For ETF Listing And Maintenance Fees After Threatening To Charge Investors If No Agreement Is Reached (CORRECTED) | Benzinga
Editor’s Note: A previous version of the article incorrectly added a market ticker to Fidelity Investments. The article has been updated to reflect the correction.
Fidelity Investments is reportedly pressuring ETF firms to pay for listing and maintaining their products on its platform, a move that has stirred up industry discontent.
What Happened: Fidelity, a major player in the investment space, has already secured agreements with nine boutique firms. This comes after the company warned them in March about potential charges for their ETF investors if they didn’t reach a deal, Bloomberg reported on Tuesday. The company is now in discussions with other asset managers for similar revenue-sharing agreements.
Although maintenance fees are not new ...