Fidelity International is launching two smart-beta exchange traded funds (ETFs) for the first time in an attempt to profit from the growing investor demand for these products.
The asset manager already offers 14 index trackers, but the latest move will see it venturing into the ETF space for the first time. The firm, which has some £224bn in assets under management, is launching two quality income smart-beta ETFs on the London Stock Exchange and Deutsche Boerse today. Fundhouse's Maguire: Could smart-beta really replace active management? The funds will be named the Fidelity US Quality Income ETF and the Global Quality Income ETF and will carry an annual fund charge of 0.30% and 0.40%, respectively. They will invest in UK and global stocks, offering...
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