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Fidelity expands Smart Beta ETF range

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Fidelity International is set to expand its Smart Beta ETF range with two new income-focused funds, offering investors an income solution with a full suite of regional exposures.

The Fidelity Europe Quality Income UCITS ETF and the Fidelity Emerging Markets Quality Income UCITS ETF seek to provide exposure to high quality dividend paying companies. The strategy builds a portfolio of stocks which have historically demonstrated good profitability, strong cashflows and consistent dividends with the objective of delivering a yield in excess of the broader market, whilst at the same time carefully managing risk.
 
The two new funds will track Fidelity-branded indices consistent with the existing Quality Income ETFs.
 
Competitively priced with an OCF of 0.3 per cent for the Europe fund and 0.5 per cent for the Emerging Markets fund, the ETFs will commence trading on 1st November on the London Stock Exchange and Deutsche Börse.
 
Following this, Fidelity will also launch new GBP, USD and EUR currency hedged share classes for the existing Fidelity US Quality Income UCITS ETF, Fidelity Global Quality Income UCITS ETF and the new Fidelity Europe Quality Income UCITS ETF.
 
Nick King, Head of ETFs at Fidelity International, says: “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. 
 
“After the successful launch of our first smart beta funds in April, I’m pleased we can now offer a full range of Income ETFs including currency hedged share classes to allow clients to accurately implement their regional views. We plan to offer our next product range in the coming months as we look to grow our ETF capabilities.” 

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