Fidelity Wins First SEC Approval to Expand Semi-transparent ETF Holdings

Fidelity Wins First SEC Approval to Expand Semi-transparent ETF Holdings

Fidelity Investments just got a big leg up on competitors in the semi-transparent ETF business.  The fund giant got the greenlight from the SEC on Monday to add non-US securities, fixed income, and derivatives to semi-transparent products — which typically disclose holdings quarterly, instead of daily like traditional exchange-traded funds. Previously semi-transparent funds were largely restricted to holding domestic equity and related exchange-…