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September 01, 2020 10:27am
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Fidelity Launches New Preferred Securities ETF, ‘FPFD’

On Thursday, June 17, Fidelity Investments launched a new active bond ETF, the Fidelity Preferred Securities & Income ETF (FPFD). FPFD is the first preferred securities product from Fidelity. Preferred securities are hybrid securities that share characteristics of both stocks and bonds. They...
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