Fidelity announces mutual fund to ETF conversions

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FIDELITY INVESTMENTS Inc. will convert six, thematic mutual funds into exchange-traded funds next year.
PROVIDENCE – Fidelity Investments Inc. recently unveiled plans to convert six mutual funds into exchange-traded funds, according to a press release. The conversions, which are expected to be completed in June 2023, mark the first time Fidelity will turn mutual funds into ETFs, mirroring recent moves made by other firms, various news outlets have reported.…

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