Fidelity® Launches Five Actively Managed Equity ETFs, Reduces Pricing on Active High Yield Strategy
Fidelity Investments has launched five new actively managed equity ETFs, expanding its ETF lineup to over 70 products. The new offerings include the Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) and four international/emerging markets focused ETFs. The Enhanced ETF suite uses a quantitative approach evaluating factors like valuation and momentum, while the Fundamental ETF suite combines insights from multiple Fidelity managers. The ETFs are competitively priced with expense ratios ranging from 0.18% to 0.60%. Additionally, Fidelity reduced the expense ratio of its high yield ETF (FDHY) from 0.45% to 0.35%. The company reports that advisor allocation to active ETFs has increased 123% since 2022, with 29% of advisors now using these products.
Fidelity Investments ha lanciato cinque nuovi ETF azionari gestiti attivamente, ampliando la sua gamma di ETF a oltre 70 prodotti. Le nuove offerte includono il Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) e quattro ETF focalizzati su mercati internazionali/emergenti. La suite di ETF Enhanced utilizza un approccio quantitativo per valutare fattori come la valutazione e il momentum, mentre la suite di ETF Fondamentali combina intuizioni di diversi gestori di Fidelity. Gli ETF sono competitivamente prezzo con rapporti di spesa che variano dallo 0,18% allo 0,60%. Inoltre, Fidelity ha ridotto il rapporto di spesa del suo ETF ad alto rendimento (FDHY) dallo 0,45% allo 0,35%. L'azienda riporta che l'allocazione degli advisor agli ETF attivi è aumentata del 123% dal 2022, con il 29% degli advisor che ora utilizza questi prodotti.
Fidelity Investments ha lanzado cinco nuevos ETF de acciones gestionados activamente, ampliando su línea de ETF a más de 70 productos. Las nuevas ofertas incluyen el Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) y cuatro ETF centrados en mercados internacionales/emergentes. La suite de ETF mejorados utiliza un enfoque cuantitativo que evalúa factores como la valoración y el momentum, mientras que la suite de ETF fundamentales combina las perspectivas de múltiples gestores de Fidelity. Los ETF tienen precios competitivos, con ratios de gastos que oscilan entre el 0.18% y el 0.60%. Además, Fidelity redujo el ratio de gastos de su ETF de alto rendimiento (FDHY) del 0.45% al 0.35%. La empresa informa que la asignación de los asesores a los ETF activos ha aumentado un 123% desde 2022, con el 29% de los asesores que ahora utilizan estos productos.
피델리티 인베스트먼트가 5개의 새로운 적극적으로 관리되는 주식 ETF를 출시하여 ETF 라인업을 70개 이상의 제품으로 확장했습니다. 새로운 상품에는 Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC)와 네 개의 국제/신흥 시장 중심 ETF이 포함됩니다. Enhanced ETF 제품군은 가치 평가, 모멘텀과 같은 요소를 평가하는 정량적 접근 방식을 사용하며, Fundamental ETF 제품군은 여러 피델리티 매니저의 통찰력을 결합합니다. ETF는 0.18%에서 0.60% 사이의 비용 비율로 경쟁력 있는 가격을 제공합니다. 또한, 피델리티는 고수익 ETF (FDHY)의 비용 비율을 0.45%에서 0.35%로 줄였습니다. 이 회사에 따르면, 2022년 이후 액티브 ETF에 대한 어드바이저의 할당이 123% 증가했으며, 현재 29%의 어드바이저가 이러한 제품을 사용하고 있습니다.
Fidelity Investments a lancé cinq nouveaux ETF d'actions gérés activement, élargissant sa gamme d'ETF à plus de 70 produits. Les nouvelles offres comprennent le Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) et quatre ETF axés sur les marchés internationaux/emergents. La gamme d'ETF Enhanced utilise une approche quantitative évaluant des facteurs comme la valorisation et le momentum, tandis que la gamme d'ETF Fondamentale combine les perspectives de plusieurs gestionnaires de Fidelity. Les ETF sont proposés à des prix compétitifs avec des ratios de frais allant de 0,18 % à 0,60 %. De plus, Fidelity a réduit le ratio de frais de son ETF à haut rendement (FDHY) de 0,45 % à 0,35 %. L'entreprise indique que l'allocation des conseillers aux ETF actifs a augmenté de 123 % depuis 2022, avec 29 % des conseillers utilisant désormais ces produits.
Fidelity Investments hat fünf neue aktiv verwaltete Aktien-ETFs auf den Markt gebracht und damit sein ETF-Angebot auf über 70 Produkte erweitert. Zu den neuen Angeboten gehören der Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC) und vier ETFs mit Fokus auf internationale/aufstrebende Märkte. Die Enhanced ETF-Serie verwendet einen quantitativen Ansatz zur Bewertung von Faktoren wie Bewertung und Momentum, während die Fundamental ETF-Serie Einsichten von mehreren Fidelity-Managern kombiniert. Die ETFs sind wettbewerbsfähig bepreist, mit Kostenquotienten, die von 0,18% bis 0,60% reichen. Darüber hinaus hat Fidelity den Kostenanteil seines Hochzins-ETFs (FDHY) von 0,45% auf 0,35% gesenkt. Das Unternehmen berichtet, dass die Zuweisungen von Beratern zu aktiven ETFs seit 2022 um 123% gestiegen sind, wobei 29% der Berater diese Produkte jetzt nutzen.
- Expansion of ETF lineup with five new actively managed products
- Competitive expense ratios (0.18% - 0.60%)
- Reduction in high yield ETF expense ratio from 0.45% to 0.35%
- 123% increase in advisor allocation to active ETFs since 2022
- Total exchange-traded client assets exceed $1.5 trillion
- None.
Insights
The launch of five new actively managed equity ETFs marks a significant expansion of Fidelity's ETF lineup, demonstrating their strategic push into the growing active ETF market. The competitive expense ratios ranging from
Notable is the
The Enhanced ETF suite's proprietary approach combining traditional factors with non-traditional considerations represents an innovative evolution in quantitative investing. The Fundamental ETF suite's methodology of aggregating high-conviction ideas from multiple managers creates a unique value proposition in the active ETF space.
Most significant is the timing - these launches align with the broader industry shift toward active management in ETFs, addressing growing demand for sophisticated strategies with the tax efficiency and liquidity benefits of the ETF structure. The competitive pricing strategy could accelerate adoption among cost-conscious investors seeking active management benefits.
New International and Domestic Strategies Expand Fidelity ETF Lineup to More than 70 Products
Demand for Active ETF Strategies in Client Portfolios Continues to Grow
“The expansion of Fidelity’s core active equity suites speaks to our ability to combine the best of our fundamental and quantitative teams to deliver differentiated actively managed investment products,” said Greg Friedman, Head of ETF Management and Strategy at Fidelity Investments. “The new Enhanced and Fundamental strategies aim to provide additional choice for customers, including those who are looking for domestic all cap, international, emerging markets, and developed markets strategies, as evidenced by the rapidly growing ETF market.”
Fidelity Enhanced and Fundamental ETFs
The Enhanced ETF suite employs a proprietary, disciplined actively managed investment process that quantitatively evaluates factors such as valuation, growth, profitability, momentum, and other non-traditional considerations. The Fundamental ETF suite seeks to extract and combine high conviction investment ideas from multiple Fidelity fundamental active managers, employing a proprietary, disciplined investment process and a quantitative portfolio construction process. To learn more about these ETF suites, read Fidelity’s latest white papers, An enhanced approach to core equity ETFs and Uncovering alpha insights with core equity ETFs.
The portfolio management team for the two new Enhanced ETFs includes co-managers Satyajit Chandrashekar, Anna Lester, George Liu, and Shashi Naik, and for the three new Fundamental ETFs includes co-managers Tim Gannon, Michael Kim, and Ned Salter. The products are competitively priced with a gross expense ratio of
Updates to Fidelity’s High Yield ETF
Fidelity also made enhancements to its active high yield ETF, which were effective last month. The fund’s total expense ratio decreased from
“Pricing, service, and research capabilities among other factors are part of our ongoing commitment to provide superior value to investors,” said Friedman.
Active ETF Allocation on the Rise Across Advisor Portfolios
Fidelity’s Portfolio Construction team analyzes thousands of professionally managed investment portfolios annually, fueling its Portfolio Construction Insights on the latest portfolio trends among advisors. One notable trend is the rise in active ETF allocation, as the vehicle may be an attractive option for advisors looking for tax efficiencies, low costs, and intraday liquidity. This year[i],
Fidelity’s Growing Exchange-Traded Platform
Fidelity’s exchange-traded lineup consists of 76 ETFs and ETPs with
Spot crypto ETPs, such as FBTC and FETH, are not investment companies registered under the Investment Company Act of 1940 (the “1940 Act”) nor are they commodity pools under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of spot crypto ETPs do not have the protections associated with ownership of shares in a registered investment company nor are shareholders afforded the protections of investing in an CEA-regulated instrument or commodity pool.
FBTC and FETH are for investors with a high risk tolerance and invest in a single cryptocurrency, which are highly volatile and could become illiquid. Investors could lose their entire investment. To learn more about Fidelity Wise Origin Bitcoin Fund, see the fund’s prospectus. To learn more about Fidelity Ethereum Fund, see the fund’s prospectus.
As part of Fidelity's commitment to financial education, the company offers a variety of resources to help investors review exchange-traded investing ideas, decide which types of exchange-traded offerings may fit their investing needs, or browse offerings with Fidelity’s screeners: fidelity.com/etfs/investing-in-etfs or institutional.fidelity.com/advisors/investment-solutions/performance/fidelity-etfs. As a leading provider of exchange-traded offerings, Fidelity’s platform offers individual investors and advisors access to more than 3,500 exchange-traded offerings, with more than
About Fidelity Investments
Fidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses we serve. Fidelity’s strength comes from the scale of our diversified, market-leading financial services businesses that serve individuals, families, employers, wealth management firms, and institutions. With assets under administration of
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[i] Fidelity Institutional Q3 2024 Portfolio Construction Insights.
[ii] As of October 31, 2024.
[iii] As of September 30, 2024.
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FAQ
What is the expense ratio for Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC)?
How many new ETFs did Fidelity launch in this announcement?
What percentage of advisors now have allocation to active ETFs according to Fidelity?
What is the new expense ratio for Fidelity's Enhanced High Yield ETF (FDHY)?
