Fidelity Emerging Markets Multifactor ETF (FDEM)
Fidelity Emerging Markets Multifactor ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $35.88, up 1.14% on the session, giving a market capitalisation of $282.5M. Its beta of 0.98 implies it has historically moved less than the broad market.
The fund normally invests at least 80% of its assets in securities included in the index and in depositary receipts representing securities included in the index. The index 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.
Fidelity Emerging Markets Multifactor ETF is most often compared with the following Financial Services names: