6 Mar 2025
📈Fidelity Covington Trust Seeks Amended Order for ETFs
Fidelity Covington Trust, et al.
Summary
The Securities and Exchange Commission (SEC) has received a request from Fidelity Covington Trust to amend a prior order, allowing funds to invest in a broader range of instruments. This change would enable funds to have greater flexibility in their investment strategies while maintaining specific disclosure requirements.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The application for an Amended Order by Fidelity Covington Trust allows for expanded investment opportunities for ETFs, which can enhance fund performance and may attract more capital. This is significant for business owners and executives involved in investment management and capital markets.