Fidelity Investments and Virtus Investment Partners have teamed up to offer new mutual funds to those with no prior experience.
The new mutual fund, VIRTUS ETF, will offer the ability to trade in funds from different mutual funds in a range of asset classes and diversify your portfolio across all major asset classes.
Funds include:The VIRTES fund will be based on the Vanguard-sponsored VIRTUXX fund.
The VERTX fund will include funds from both Vanguard and Vanguard-backed funds.
The MOST fund will offer a mix of fund classes from both VIRTX and VERTUXX.
The LOWEST fund will also offer fund classes such as dividend stocks, fixed income, and foreign equities.
Fidelity Investments said the new mutual will be available to fund managers on Jan. 1.
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