Fidelity to expand smart-beta income ETF range with double launch

Also launching hedged currency share classes for existing products

Fidelity International is set to add two new income-focused ETFs to its smart-beta range, which will invest in high quality, dividend paying companies in Europe and emerging markets.

The Fidelity Europe Quality Income and the Emerging Markets Quality Income UCITS ETFs will build portfolios of stocks which have historically demonstrated good profitability, strong cashflows and consistent dividends, while aiming to deliver a yield in excess of the broader market. Lyxor launches two smart-beta income ETFs Commencing trading on 1 November on the London Stock Exchange and the Deutsche Börse, Fidelity will charge an OCF of 0.3% for the European fund and 0.5% for the Emerging Markets vehicle. The ETFs will track Fidelity-branded indices consistent with the existing Qu...