By Intense Life Desires 
The Fidelity US Fundamental Small-Mid Cap UCITS ETF is the first Irish-domiciled UCITS ETF in Europe to use the semi-transparent UCITS structure recently approved by the Central Bank of Ireland.
Fidelity International has launched a range of high-conviction active ETFs to expand its offering.
The Fundamental Equity ETF (Exchange Traded Fund) range consists of two active ETFs, both listed on the UK’s London Stock Exchange this morning. They have also been listed on Germany’s Xetra.
The Fidelity US Fundamental Small-Mid Cap UCITS ETF is the first Irish-domiciled UCITS ETF in Europe to use the semi-transparent UCITS structure recently approved by the Central Bank of Ireland.
This structure is designed to allow ETF providers to meet client demand for ETFs that incorporate high value research by also allowing them to protect their active research intellectual property.
The ETF seeks long-term growth, primarily investing in securities with small to medium market capitalisations while remaining unconstrained to any particular investment style.
The Fidelity US Fundamental Large Cap Core UCITS ETF seeks long-term growth of capital, primarily investing in equity securities of US companies with large market capitalisations. The ETF is not constrained by any particular investment style and is fully transparent, disclosing full holdings daily.
Neil Davies, head of ETF product and capital markets for Europe and Asia Pacific at Fidelity International, said Fidelity developed the new ETFs following the success of its existing Research Enhanced Equity and Fixed Income ETF ranges.
He said: “These higher-conviction active Fundamental ETFs offer complementary solutions with potential to deviate further from the benchmarks to pursue greater levels of alpha. This offers clients increased choice when seeking to meet their objectives and/or diversify their portfolios.”
Fidelity International is currently the second-largest provider of active ETFs in Europe with $8bn (£6bn) in AUM, with total ETP platform AUM of $11.2bn (£8.35bn).
With these additions, Fidelity’s ETF range consists of 23 products, including 8 actively managed equity ETFs, 8 fixed income ETFs and 6 differentiated index ETFs.