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US-based Fidelity to start trading ETFs on Swiss SIX

U.S.-based asset manager Fidelity International will trade its exchange-traded index funds on SIX Swiss Exchange AG, Reuters reported.

The Fidelity US Quality Income UCITS ETFs, launched in April 2017, will trade on the Swiss exchange. It will have an annual fee of 0.30% for funds in Swiss francs and dollars, and at 0.35% for those in sterling and euros, the Bermuda-registered firm told the newswire.

The privately owned firm said it planned to launch more ETFs and index products.

Fidelity International manages €266 billion in assets for investors in Europe, Asia, Australia and South America, according to Reuters.