Two new Fidelity ETFs for Canadian investors

Article Excerpt

The large U.S.-based fund manager Fidelity has steadily expanded its ETF offerings—both in its home market and in Canada. Here’s a look at two of the six new Fidelity funds recently launched in the Canadian market. FIDELITY GLOBAL INNOVATORS ETF $10.92 (NEO Exchange symbol FINN) invests globally in companies that the managers feel stand to benefit from the application of new technologies or that employ innovative business models. The ETF launched on May 19, 2023, and holds $46.4 million in assets. The management fee is a high 0.85%. The fund invests the same as the Fidelity Global Innovators Class. That’s a mutual fund with $8.3 billion of assets under management and a solid track record dating back to November 2017. Top holdings of the Fidelity Global Innovators ETF include Nvidia, Meta Platforms, Block Inc, Roblox Corporation, Advanced Micro Devices, Netflix, Taiwan Semiconductor, and Coinbase. The Fidelity Global Innovators ETF is okay to hold for aggressive investors. FIDELITY GREATER CANADA ETF $10.11 (NEO Exchange symbol FCGC) invests in Canadian companies that the managers…