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Fidelity to launch suite of factor-based ETFs

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Fidelity Investments is expanding its line-up of exchange-traded funds (ETFs) for individual investors and financial advisers with the launch of its first suite of factor-based ETFs.

Fidelity’s six new factor-based ETFs – Fidelity Core Dividend ETF (FDVV), Fidelity Dividend ETF for Rising Rates (FDRR), Fidelity Low Volatility Factor ETF (FDLO), Fidelity Momentum Factor ETF (FDMO), Fidelity Quality Factor ETF (FQAL), and Fidelity Value Factor ETF (FVAL) – will commence trading on the New York Stock Exchange on or about 15 September.
 
Each of the new ETFs will be competitively priced with total expense ratios of just 0.29 per cent.
 
In addition, individual investors and advisers will be able to purchase each of the new ETFs commission-free online through one of Fidelity’s brokerage platforms.
 
“Fidelity has been executing on its ETF strategy for some time, and our success can be seen in the one quarter of a trillion dollars in ETF assets under administration that customers have entrusted to us, representing about 11 per cent of all US-domiciled ETF assets,” says Anthony Rochte, president of SelectCo, the company’s sector investing and ETF services division. “Launching the six factor-based ETFs reinforces our commitment to expanding Fidelity’s ETF investment manufacturing capabilities, while delivering an exceptional customer experience that is centred on providing choice, value and expertise.”

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