US investment firm Fidelity has submitted an application to the US Securities and Exchange Commission, seeking clearance to allow some of its mutual funds to also serve as exchange-traded funds (ETFs).
![Fidelity aims to disrupt the ETF market, challenging Vanguard's dominance with its new application. PHOTO: Shutterstock](https://krugmaninsights.com/wp-content/uploads/2023/10/c0f0c9db2ae08d8fef74c5787fe82668-1024x682.webp)
By doing so, Fidelity seeks to challenge the stronghold on the concept held by ETF giant Vanguard.
The Boston-based company hopes to have its actively managed mutual funds issue a