Fidelity Launches First Municipal Bond ETFs

Author

Slice of Finance Team
09 Apr

Key Highlights:

  • Launch of FMUB and FMUN ETFs on Nasdaq

  • Addresses growing demand in the fixed income ETF market

  • Expense ratios: FMUB at 0.30%, FMUN at 0.05%

  • Experienced portfolio managers lead both funds

  • $229M in assets added to Fidelity’s fixed income ETF lineup

Notable Quotes:

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"Reinforcing Fidelity's commitment to providing clients with investment choice, we are launching our first municipal bond ETFs and building upon our decade-long presence in the Fixed Income ETF space."

Greg Friedman, Head of ETF Management and Strategy at Fidelity Investments

Why This Matters:

Fidelity’s expansion into municipal bond ETFs with the launch of FMUB and FMUN represents a strategic response to increasing investor and advisor demand for fixed income ETFs. This move aligns with broader market trends showing rising allocations to actively managed ETFs, particularly in the fixed income space. With its deep research capabilities and established presence in ETF management, Fidelity is poised to offer cost-effective, diversified options that cater to evolving portfolio strategies.