Fidelity Covington Trust - Fidelity Enhanced Emerging Markets ETF

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.

Asset class

Equity

Issuer

Fidelity

Domicile

US

Inception date

Nov 19, 2024

Holdings

171

ISIN

US31609A8009