Fidelity Launches 6 New Active Stock ETFs

Fidelity’s own ETF lineup now will comprises 21 actively managed equity, 12 fixed income, 13 equity factor, six passive thematic and 11 passive equity sector ETFs, and the Fidelity Nasdaq Composite Index ETF (ONEQ).

What to know: Each new transparent ETF will maintain the same investment objectives and management style as its former mutual fund counterpart. The new ETFs will also see price reductions by about half compared to the mutual funds, Fidelity said.

The new ETFs and their expense ratios are:

Fidelity Enhanced Large Cap Core ETF (FELC), 0.18%
Fidelity Enhanced Large Cap Growth ETF (FELG), 0.18%
Fidelity Enhanced Large Cap Value ETF (FELV), 0.18%
Fidelity Enhanced Mid Cap ETF (FMDE), 0.23%
Fidelity Enhanced Small Cap ETF (FESM), 0.28%
Fidelity Enhanced International ETF (FENI), 0.28%

Anna Lester, Max Kaufmann and Shashi Naik are their long-tenured co-managers.

“Fidelity is committed to offering investors innovative ETFs to meet their evolving needs, including active, passive, and factor strategies,” Greg Friedman, Fidelity’s ETF management and strategy head, said.

Photo: Shutterstock