“Fidelity adds EM ETF to enhanced equity ESG suite” – ETF Strategy – November 30, 2020

On November 30, 2020 ETF Strategy reported that “Fidelity International has launched a new actively managed ETF providing sustainability-focused exposure to emerging markets.

The Fidelity Sustainable Research Enhanced Emerging Market Equity ETF has listed on London Stock Exchange in US dollars (FEMR LN) and pound sterling (FEMS LN), and on Deutsche Börse Xetra in euros (FYER GY).

The fund has an expense ratio of 0.50% and comes to market with $20 million in assets under management.

While the ETF is actively managed, it is expected to bear a close resemblance to the MSCI Emerging Markets Index in terms of geographic and sector exposure and risk profile by maintaining a tracking error of less than 2% relative to this benchmark.

The ETF will, however, seek alpha by selecting and weighting stocks in favour of those that Fidelity’s research analysts have identified as having a positive fundamental outlook and strong sustainability credentials.”

You may read the article on the ETF Strategy internet site.