ETFs, Investments

Fidelity expands active ETF range

ETF Fidelity

Fidelity International is set to add four new active ETFs to its product suite focusing on growth areas in Australia and Asia.

Fidelity International is expanding its range of active exchange-traded funds (ETF), with four new investment vehicles to be added to the two products currently available to Australian investors.

From 31 May, the Fidelity Asia Fund, Fidelity India Fund and Fidelity Global Future Leaders Fund will be made available as actively managed ETFs via the Australian Securities Exchange (ASX) under the ticker codes of FASI, FIIN and FCAP.

Joining those funds on 3 June will be the Fidelity Australian High Conviction Fund (ASX code: FHCO), previously known as the Fidelity Australian Opportunities Fund until 20 May, which is managed in Australia using a concentrated portfolio of 20 to 40 Australian high-quality stocks.

The Fidelity Global Future Leaders Fund is also managed in Australia using input from the firm’s investment professionals around the world and focuses on quality high-potential companies in global small and mid-caps.

The Fidelity Asia Fund and India Fund are both managed in Singapore, with the former based on a concentrated portfolio of 20 to 35 investment opportunities across the Asia-Pacific (ex-Japan) region and the latter on growth potential in India using a diversified portfolio of 40 to 60 stocks.

Fidelity International Australia managing director Lawrence Hanson said: “Making these four strategies available as ETFs allows investors easy access to some of our most popular funds in Australia, with solid long-term track records.

“Whether they are seeking exposure to offshore market opportunities like Asia, India or global small to mid-caps, or to a high-quality concentrated Australian strategy, investors can now tap into our 400-plus investment professionals in one simple trade.

“We have seen growing demand for accessible and flexible investment solutions among Australian investors and the ETF structure enables us to offer our clients an alternative option on how they invest in our products. That is why we are launching more of our top strategies through this vehicle.”

The four new ETFs follow the release of the Fidelity Global Demographics Fund (FDEM) in December 2021 and Fidelity Global Emerging Markets Fund (FEMX) in October 2018.

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