Alternative Investments/ESG/Digital: Fidelity Launches Five Thematic ETFs In Europe
The Fidelity ETFs cover the emerging technology themes of clean energy, electric vehicles & future transportation, cloud computing, digital health, and the metaverse.
Fidelity International has launched in Europe five thematic equity ETFs spanning the themes of clean energy, electric vehicles & future transportation, cloud computing, digital health, and the metaverse. The ETFs will trade on European bourses including London Stock Exchange, Deutsche Börse Xetra, and SIX Swiss Exchange, and Borsa Italiana. Each ETF features an expense ratio of 0.50%. (ETF Strategy)
The Fidelity Clean Energy UCITS ETF (FRNG) tracks the Fidelity Clean Energy ESG Tilted Index. The index reflects the performance of companies that distribute, produce or provide technology or equipment to support the production of energy from solar, wind, hydrogen, and other renewable sources.
The Fidelity Electric Vehicles and Future Transportation UCITS ETF (FDRV) tracks the Fidelity Electric Vehicles and Future Transportation ESG Tilted Index. The index reflects the performance of companies engaged in the production of electric or autonomous vehicles and their components, as well as firms developing technologies or energy systems that aim to change the future of transportation.
The Fidelity Cloud Computing UCITS ETF (FCLD) tracks the Fidelity Cloud Computing ESG Tilted Index. The index reflects the performance of companies that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet.
The Fidelity Digital Health UCITS ETF (FDHC) tracks the Fidelity Digital Health ESG Tilted Index. The index reflects the performance of companies providing healthcare records management, connected healthcare devices, surgical robotics, telemedicine, and other technology-enabled healthcare products and services.
The Fidelity Metaverse UCITS ETF (FMTV) tracks the Fidelity Metaverse ESG Tilted Index. The index reflects the performance of companies that develop, manufacture, distribute, and sell products or services related to establishing and enabling the metaverse.
Nick King, Head of ETFs at Fidelity International, said: “Thematic investing seeks to identify and capitalize 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 indices 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,” he added.
Related Story: LGIM Launches Metaverse ETF With ESG Overlay
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