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Fidelity ups smart beta ETF game with two new funds

Fidelity ups smart beta ETF game with two new funds

Fidelity International has become the latest firm to increase its smart beta ETF range with the launch of two new funds, the company has announced.

The Fidelity Europe Quality Income Ucits ETF and Fidelity Emerging Markets Quality Income Ucits ETF both seek to provide exposure to high-quality dividend-paying companies.

Both strategies will build a portfolio of stocks which have historically demonstrated good profitability, strong cash flows and consistent dividends with the objective of delivering a yield in excess of the broader market whilst carefully managing risk.

This comes hot-on-the-heels of Franklin Templeton expanding its smart beta ETF range with a new emerging markets ETF earlier this month.

Fidelity’s two new funds will track Fidelity-branded indices consistent with the existing Quality Income ETFs. Both will commence trading on November 1 on the London Stock Exchange and the Deutsche Börse.

Following this the firm will also launch new sterling, US dollar and euro currency hedged share classes for the existing Fidelity US Quality Income Ucits ETF, the Fidelity Global Quality Income Ucits ETF, and the new Fidelity Europe Quality Income Ucits ETF.

Commenting on the launch, Fidelity’s head of ETFs, Nick King said: ‘Smart beta strategies are growing in popularity as clients seek systematic exposure to an investment strategy or theme.

‘By combining Fidelity’s active investment expertise with the systematic aspects of passive investing, we believe we can offer a truly differentiated product aligned to client outcomes, such as income.’

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