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Fidelity unveils two smart beta income ETFs

Fidelity unveils two smart beta income ETFs

Fidelity International has expanded its smart beta exchange traded fund (ETFs) offering with two new products. 

The Fidelity Europe Quality Income Ucits ETF and the Fidelity Emerging Markets Quality Income Ucits ETF aim to provide investors exposure to ‘high quality dividend paying companies’.

‘Smart beta strategies are growing in popularity as clients seek systematic exposure to an investment strategy or theme,’ said Nick King, head of ETFs at Fidelity International.

‘By combining Fidelity’s active investment expertise with the systematic aspects of passive investing, we believe we can offer a truly differentiated product aligned to client outcomes, such as income.’

The two funds will track Fidelity’s branded indices in line with its existing Quality Income ETFs range.

‘After the successful launch of our first smart beta funds in April, I’m pleased we can now offer a full range of Income ETFs including currency hedged share classes to allow clients to accurately implement their regional views,’ added King.

‘We plan to offer our next product range in the coming months as we look to grow our ETF capabilities.’

The asset manager launched the first two ETFs in its Quality ETFs range, Fidelity US Quality Income Ucits ETF and Fidelity Global Quality Income Ucits ETF in April.

The new funds will have an ongoing charges figure (OCF) of 0.3% for the Europe fund and 0.5% for the emerging markets fund and are slated to begin trading on the London Stock Exchange and Deutsche Börse on the 1 November.

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