Fidelity Investments Canada has launched a suite of factor-based ETFs and mutual funds for financial advisors and individual investors. Launching these products as ETFs and mutual funds enables them to be made available to both IIROC and MFDA advisors.
Fidelity’s six new factor-based ETFs are now trading on the Toronto Stock Exchange (TSX).
“Since we announced we are launching our factor-based investing ETFs and mutual funds, we’ve had great interest from financial advisors and investors,” says Rob Strickland, President, Fidelity Investments Canada ULC. “With today’s aging demographic, we know one of the big demands in the marketplace is the need to generate income from investments. Our new Fidelity Dividend Factor ETFs and mutual funds are intelligently designed to deliver exactly that – monthly income.”
Each ETF will be also available as a mutual fund. The mutual funds invest in their underlying ETF. Currency neutral versions will also be available.
The ETFs are: Fidelity Canadian High Dividend Index ETF (FCCD); Fidelity US Dividend for Rising Rates Index ETF (FCRR); Fidelity US Dividend for Rising Rates Currency Neutral Index ETF (FCRH); Fidelity US High Dividend Index ETF (FCUD); Fidelity US High Dividend Currency Neutral Index ETF (FCUH); and Fidelity International High Dividend Index ETF (FCID).
The mutual funds are: Fidelity Canadian High Dividend Index ETF Fund; Fidelity US Dividend for Rising Rates Index ETF Fund; Fidelity US Dividend for Rising Rates Currency Neutral Index ETF Fund; Fidelity US High Dividend Index ETF Fund; Fidelity US High Dividend Currency Neutral Index ETF Fund; Fidelity International High Dividend Index ETF Fund; Fidelity Tactical Global Dividend ETF Fund.
