Fidelity International Multifactor ETF (FDEV)
Fidelity International Multifactor ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $37.59, down 0.33% on the session, giving a market capitalisation of $275.8M. Its beta of 0.65 implies it has historically moved less than the broad market.
This ETF offers investors exposure to a diverse selection of companies operating outside the United States. These holdings are strategically chosen based on their strong performance across several key investment factors, namely, attractive valuations (value), robust financial health (quality), reduced price fluctuations (low volatility), and positive recent price trends (momentum). Furthermore, a crucial objective is to identify companies that exhibit a lower degree of correlation with the U.S. stock market, thereby aiming to enhance portfolio diversification.
Fidelity International Multifactor ETF is most often compared with the following Financial Services names: