Fidelity Investments has launched a new suite of factor-based investment options with new Value and Momentum Index ETFs to complement its existing suite of High Dividend, Low Volatility and High Quality Factor-based strategies. Fidelity also announced the launch of Fidelity Global Investment Grade Bond ETF and ETF Fund from fixed income experts Jeff Moore and Michael Plage. The ETFs will commence trading today on the Toronto Stock Exchange.
“We are excited to introduce these two new factors which builds out the Fidelity Factor ETF lineup,” says Kelly Creelman, Senior Vice President, Products, Fidelity Investments Canada ULC. “By adding Value and Momentum to the suite that includes High Dividend, Low Volatility and High Quality, this gives investors and advisors a full complement of factors to use as portfolio construction tools. Additionally, these new factors have low correlations with other factors, which may be helpful during these times of market volatility.”