Fidelity International is enhancing its ETF offering with the launch of its Fidelity Thematic ETF range, initially consisting of five new Irish-domiciled ETF products.
Designed to capitalise on long-term, structural trends, the ETFs track Fidelity Thematic Indexes which are designed to reflect the performance of stocks most relevant to a specific theme, while considering sustainability. The five themes tracked in the ETF range are clean energy (Fidelity Clean Energy UCITS ETF), electric vehicles and future transportation (Fidelity Electric Vehicles and Future Transportation UCITS ETF), cloud computing (Fidelity Cloud Computing UCITS ETF), digital health (Fidelity Digital Health UCITS ETF) and the metaverse (Fidelity Metaverse UCITS ETF). All are article 8 aligned under the Sustainable Finance Disclosure Regulation (SFDR), with a minimum of 50 per cent of the index constituents deemed to maintain sustainable characteristics.
The firm writes that the new ETFs are competitively priced with OCFs of 0.50 per cent, and will commence trading on Monday, 5 September on London Stock Exchange, Deutsche Börse Xetra and SIX Swiss Exchange. Listing on Borsa Italiana is intended to follow later in September.
With the newly launched products, Fidelity’s active ETF range now encompasses 17 differentiated solutions from Income, Sustainable Equity, Sustainable Fixed Income and Thematic.
Nick King, Head of ETFs at Fidelity International, says: “Thematic investing seeks to identify and capitalise on long-term, structural trends by investing across countries and sectors to capture transformative drivers of the global economy, businesses and society. Many of these themes have an enhanced focus on sustainability as well as seeking to address specific social and environmental challenges.”
“Our thematic indexes have been constructed through a collaboration of our proprietary fundamental, sustainable and quantitative research capabilities to ensure that we are providing clients with exposure to the best stocks in each particular theme, at a competitive price.”
