Key stats
About Fidelity Covington Trust Fidelity Enhanced Emerging Markets ETF
Expense ratio
0.38%
Home page
Inception date
Nov 19, 2024
FEMR is actively managed and aims for capital appreciation by investing at least 80% of assets in securities and depositary receipts of emerging market issuers. These markets are defined by MSCI and include low- to middle-income economies as per the World Bank. The fund primarily invests in common stocks, diversifying across various emerging countries. A research-driven approach is used to identify long-term stock return drivers such as valuation, growth, and quality. This research is systematically applied with a proprietary portfolio construction and risk management framework. The objective is to select a diversified stock group that potentially offers higher total returns than the MSCI Emerging Markets Index.
Classification
What's in the fund
Exposure type
Electronic Technology
Finance
Technology Services
Stock breakdown by region
Displays a symbol's price movements over previous years to identify recurring trends.