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: Asset management firm Fidelity Investments announced the expansion of its institutionally managed Separately Managed Account (SMA) product line, adding 6 custom strategies and 2 model strategies for Registered Investment Advisors (RIAs) and brokerage clients, aiming to enhance personalized investment services for high-net-worth clients.The newly added strategies include the Fidelity Institutional Tax-Managed Enhanced Equity strategy and the Fidelity Institutional Tax-Managed Fundamental Equity strategy. Both strategies cover large-cap core, growth, and value investment styles, combining Fidelity's long-term active management capabilities with customized SMA service models.Among them, the Enhanced Equity strategy employs a benchmark-tracking framework, seeking excess return opportunities through diversified alpha factors; the Fundamental Equity strategy is based on a systematic portfolio construction process combined with high-conviction individual stock selection.Fidelity stated that the above strategies are now available to RIA firms through its customized SMA platform. This platform integrates with the Fidelity Wealthscape brokerage platform, helping wealth management firms handle client account opening, strategy customization, execution, and portfolio monitoring.Amanda Robinson, Head of Wealth Advisor Management Solutions Distribution at Fidelity, noted that as investor demand for personalized investment experiences continues to grow, particularly with the expanding base of ultra-high-net-worth clients, wealth advisors require more flexible and customized asset management tools. By combining active management, direct indexing, and factor strategies, Fidelity provides advisors with deeper portfolio customization and tax management capabilities.Since launching its institutional customized SMA product line in 2022, Fidelity has expanded the number of standardized SMA strategies to 50, while also supporting advisors in combining multiple indices or strategies to form custom allocation solutions based on client needs.Additionally, Fidelity launched two equity model SMA strategies, including the Fidelity Institutional Blue Chip Growth Focused Model SMA and the Fidelity Institutional Small Growth Focused Model SMA. These are available to RIA and brokerage clients and can be integrated into a Unified Managed Account (UMA) structure to achieve more comprehensive and tax-optimized investment management.Currently, Fidelity offers 8 active equity model SMA strategies covering U.S. equities, sectors, and international stock markets. Additionally, 5 factor model strategies and 2 index model strategies are available through the Fidelity Managed Account Xchange (FMAX) and third-party platforms.Fidelity stated that its SMA strategies are developed by the Quantitative Research and Investments team within Fidelity Asset Management. This team comprises over 250 quantitative analysts, data scientists, and technologists, leveraging long-accumulated proprietary da
: Bloomberg ETF analyst Eric Balchunas revealed that BlackRock has submitted the fourth and possibly final S-1 amendment for its Bitcoin Yield-Enhanced ETF, the "iShares Bitcoin Premium Income ETF (BITA)," disclosing for the first time a management fee of 0.65%, significantly higher than the spot Bitcoin ETF IBIT (0.25%).
WEEX Exchange has officially launched the third edition of its interactive trading card game, “Joker Cards.” Users can earn playing cards by completing tasks such as registering for the event, depositing funds, trading, or inviting friends. Playing cards earns points, and users share a USDT prize pool daily based on their point share. Compared to the first two editions, the third edition features enhanced Lucky Buffs and larger overall rewards. Drawing the “Lucky Card of the Day” unlocks additional rewards, including token airdrops, position airdrops, contract trial funds, and trading fee credits. Event period: June 1, 12:00 – June 10, 23:59:59 (UTC+8).
JUST’s 6th Anniversary × GasFree Super Carnival Month – Rewards Keep Growing! From May 25 to 31, users who create or log in to a GasFree wallet address using one of the designated wallets (TronLink Wallet, Klever Wallet, Guarda Wallet, or NOW Wallet), deposit USDT into their GasFree address, and conduct USDT transfers via GasFree are eligible to share in a $10,000 USDT prize pool. The more transfers you make, the higher your ranking—and the greater your chance to receive transaction fee reimbursements, up to $66 USDT per wallet address. Additionally, users who use GasFree for the first time during the campaign and successfully qualify for reimbursement will receive an extra “Easter Egg” reward of $20 USDT. Meanwhile, the first round of GasFree’s “Lucky 6” Golden Fish Campaign has already begun (May 25, 18:00 – May 26, 18:00 SGT). If your transfer falls at position #6, #66, #166, or other lucky numbers, you’ll instantly win $20 USDT. This campaign runs through May 29. Also, follow @DeFi_JUST and retweet with engagement—10 lucky winners will be randomly selected to share an additional $200 USDT in rewards. Create or log in to your GasFree wallet now and start your zero-gas-fee transfer journey—unlock multiple surprise rewards today!