New Active ETF from Fidelity on Xetra: access to high-yield corporate bonds worldwide with multi-factor approach
New Active ETF from Fidelity on Xetra: access to high-yield corporate bonds worldwide with multi-factor approach
A new exchange-traded fund issued by Fidelity has been tradable on Xetra and via Börse Frankfurt since Friday.
The actively managed Fidelity Sustainable Global High Yield Bond Paris-Aligned Multi-factor UCITS ETF EUR Hedged Inc gives investors the opportunity to invest in high-yield corporate bonds worldwide with a rating below investment grade. The selection of corporate bonds is based on a multi-factor model that combines quantitative, fundamental and sustainability characteristics. The fund is guided by the goals of the Paris Agreement on global warming by limiting the CO2 emission impact of its portfolio.
Companies involved in businesses such as tobacco, fossil fuels and controversial weapons are excluded from the ETF.
This is a currency hedged share class where the impact of exchange rate fluctuations is minimised.
Name | Asset class | ISIN | Ongoing charges | Distribution policy |
Fidelity Sustainable Global High Yield Bond Paris-Aligned Multifactor UCITS ETF EUR Hedged Inc | Active ETF | 0.40 per cent | accumulating |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 2,007 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.