Specifically, the Fidelity Small-Mid Factor ETF tries to reflect the performance of the Fidelity Small-Mid Factor Index, which is designed to reflect the performance of stocks of small- and mid-capitalization U.S. companies with attractive valuations, high quality profiles, positive momentum signals, and lower volatility than the broader market, according to the fund’s prospectus.
The Fidelity Targeted International Factor ETF tries to reflect the performance of the Fidelity Targeted International Factor Index, which is designed to reflect the performance of stocks of large- and mid-capitalization developed international companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader developed international equity market and lower correlation to the U.S. equity market.
Lastly, the Fidelity Targeted Emerging Markets Factor ETF tries to reflect the performance of the Fidelity Targeted Emerging Markets Factor Index, which is designed to reflect the performance of stocks of large- and mid-capitalization emerging markets companies that have attractive valuations, high quality profiles, positive momentum signals, lower volatility than the broader emerging markets equity market and lower correlation to the U.S. equity market.
For more information on new fund products, visit our new ETFs category.