Fidelity Says Advisors' ETF Use Rose Sharply This Year. Here's Why.

What You Need To Know

• Nearly three-quarters of advised portfolios at Fidelity now contain ETFs, the asset manager reports.
• The share of those portfolios made up of ETFs jumped from the prior few years.
• An explosion in active ETF options and increasing investor demand for tax efficiency are behind the shift, Michael Scarsciotti says.