Fidelity says it's not interested in expanding more into ETFs.

Fidelity Investments already has its toe into the exchange-traded funds market. Apparently, that's about as far as it's willing to go, at least for now.

The president of the Boston-based mutual funds giant, known for its star manager system, let it be known last week that he was seeking a replacement. In the course of giving interviews to papers and news wires, the executive -- Rodger Lawson -- also made it clear that the firm was never interested in ETF's dominant player, Barclays Global Investors, when it was put on the market.

That led Sue Asci of InvestmentNews to ask Fidelity representative directly if the company wasn't going to pursue expanding its ETF presence. “We have no current plans to expand proprietary ETFs,” Fidelity spokesman Vin Loporchio told the magazine. (You can read the full story here.)

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All the best ETF- and index-related news from all the best newspapers, magazine and blogs.

 

Mutual Fund Fees Could Rise In '09

ETFs have worked non-stop to be positioned in the market as the low-cost alternative to mutual funds, and that job might be even a little easier in 2009. Citing Lipper projections, Sue Asci reported in Monday's edition of Investment News that equity fund fees could rise 0.05-0.1%, and bond fund fess rise 0.01-0.2%. Those sliding scale and breakpoint fee mechanisms only work in investors' favor when the market is going up.

Read the complete story here.

Russia Reverses Course

The Russian stock market had to halt trading yesterday, but this time, it was because the market soared up 17% for the day, tripping the circuit breakers. In recent months, the major Russian exchanges have closed repeatedly due to massive sell-offs.

A Marketwatch article about the Russian market rally noted that the

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Here is what others outside of IU.com are writing about ETFs, index funds and indexes on Monday. 

 

Editor's Note: The following is a roundup of outside articles that might be of interest to IndexUniverse readers. It will be updated throughout the day. If you find a story relating to ETFs, index funds or indexes, please feel free to share by emailing a link and/or your comments to: mcoleman@indexuniverse.com or mhougan@indexuniverse.com. 

 

WSJ Reduces ETF Listings

The grande dame of business newspapers, The Wall Street Journal, has cut the number of exchange-traded funds listed in the paper. Starting on Monday, only the biggest 100 ETFs appear, which might not please a lot of investors but should save some additional trees.

In a small article, the paper pointed out that a fuller list of ETFs will be carried at WSJ.com. Even with the reduction, the WSJ notes that besides more listings online, the

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