The international ETF space has rewarded investors greatly so far in 2025. One particular strategy, FENI, recently crossed $5 billion in AUM. It has a case for consideration ahead of the new year.

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The Fidelity Enhanced International ETF (FENI) has gathered just under $3 billion in net inflow since the start of the year. That has brought its AUM total to $5.4 billion as of December 4. The strategy has a 1-year return of 29.43% as of December 4, according to Fidelity Investments data.

International ETF FENI’s Strong 2025

The international ETF actively invests in ex-U.S. equities with a computer-aided approach. The strategy considers stocks from within the MSCI EAFE index, a market cap-weighted index of developed market stocks. FENI looks to beat the index with its approach by emphasizing factors like growth, profitability, and historical valuations.

That has led the strategy to investing in some notable global firms. That includes companies like Novartis (NVS), which has returned a solid 36.3% YTD. Other names in the ETF’s top holdings include Nestle (NSRGY), which has returned 20.4% YTD and of course, semiconductor leader ASML Holdings (ASML). 

The strategy’s new stature among the largest international EF strategies by AUM may see it revisited by investors in the new year. Uncertainty continues to loom over U.S. stocks, whether via tariffs, Federal Reserve questions, or AI stock valuations and concentration risk. Whatever the case, FENI’s ability to offer diversification and performance makes it one to watch entering 2026.

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Fidelity Investments® is an independent company unaffiliated with VettaFi LLC (“VettaFi”). These articles do not form any kind of legal partnership, agency affiliation, or similar relationship between VettaFi and Fidelity Investments, nor is such a relationship created or implied by the articles herein. VettaFi LLC is the author and owner of these articles.

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