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Fidelity expands Fidelity Factor ETFs and mutual funds

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Fidelity Investments has expanded its suite of ETFs and mutual funds with the launch of Fidelity Low Volatility and Fidelity High Quality Factor ETFs and mutual funds for financial advisors and investors.

“At Fidelity, we are committed to providing investors the most innovative and competitive investment solutions to meet changing needs of investors,” says Rob Strickland, President, Fidelity Investments Canada ULC. “Building on our line-up of Dividend Factor ETFs and mutual funds, the launch of Low Volatility and High Quality strategies expands choice and offers investors access to even more intelligently-designed investment solutions.”
 
Since Fidelity introduced in September 2018 Fidelity Dividend Factor ETFs that target high-quality dividend-paying companies and seek to deliver monthly income, demand among investors for these types of innovative solutions offered by Fidelity has grown. New Fidelity Low Volatility and High Quality ETFs and mutual funds will meet this growing demand and seek to deliver on investors’ changing needs.
 
Fidelity Low Volatility Factor ETFs and mutual funds provide investors single-factor exposure to companies with lower volatility than the broader equity market. These Low Volatility strategies aim to generate market-like returns over time with lower volatility, and they may be used as a core holding in a portfolio for risk-adverse investors or as a tactical position to minimise drawdown during periods of heightened volatility. The funds track indices that are tailor-made and actively designed by Fidelity Management & Research Company (FMR Co) which seek to outperform the broader equity market over the long-term.
 
Fidelity High Quality Factor ETFs and mutual funds provide investors single-factor exposure to high quality companies that are characterised by superior profits with strong balance sheets and stable cash flows. These High Quality strategies seek to improve long-term performance potential by targeting factors that have historically outperformed broad market indices, and they may be used for investors looking for long-term stability and performance. Similarly, these funds will track tailor-made and actively designed indices constructed by FMR Co.
 
The following factor-based Low Volatility and High Quality Factor ETFs and mutual funds are now trading on the Toronto Stock Exchange:
Fidelity Canadian Low Volatility Index ETF (FCCL)
Fidelity Canadian Low Volatility Index ETF Fund
Fidelity US Low Volatility Index ETF (FCUL)
Fidelity US Low Volatility Index ETF Fund
Fidelity US Low Volatility Currency Neutral Index ETF (FCLH)
Fidelity US Low Volatility Currency Neutral Index ETF Fund
Fidelity International Low Volatility Index ETF (FCIL)
Fidelity International Low Volatility Index ETF Fund
Fidelity Canadian High Quality Index ETF (FCCQ)
Fidelity Canadian High Quality Index ETF Fund
Fidelity US High Quality Index ETF (FCUQ)
Fidelity US High Quality Index ETF Fund
Fidelity US High Quality Currency Neutral Index ETF (FCQH)
Fidelity US High Quality Currency Neutral Index ETF Fund
Fidelity International High Quality Index ETF (FCIQ)
Fidelity International High Quality Index ETF Fund
 
The new ETFs and mutual funds (Series F) will be competitively priced with management fees ranging from 0.35 per cent to 0.45 per cent.

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