NEO welcomes Fidelity Investments Canada ULC (“Fidelity”) back to the NEO Exchange, with the launch of two portfolio allocation ETFs as an extension of their existing Fidelity All-in-One suite. The two new funds began trading under the symbols FCNS and FEQT.
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“As investors seek more cost-effective choice and convenience in what they invest toward their financial goals, we are pleased to expand Fidelity’s All-in-One suite of ETFs”
Both funds aim to achieve capital growth through total returns by using a strategic asset allocation approach. The Fidelity All-in-One Conservative ETF (FCNS) generally follows a neutral mix guideline of approximately 40% global equity securities, 59% global fixed income securities, and 1% cryptocurrencies. The Fidelity All-in-One Equity ETF (FEQT) generally follows a neutral mix guideline of approximately 97% global equity securities and 3% cryptocurrencies. The cryptocurrency exposure for FCNS and FEQT will initially be through investments in Fidelity Advantage Bitcoin ETF.
FCNS and FEQT join the Fidelity All-in-One Balanced ETF (FBAL) and the Fidelity All-in-One Growth ETF (FGRO) which were listed a year ago on the NEO Exchange. Cryptocurrency allocation was recently added to the two existing ETFs, which have been rebalanced, accordingly.
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“As investors seek more cost-effective choice and convenience in what they invest toward their financial goals, we are pleased to expand Fidelity’s All-in-One suite of ETFs,” commented Kelly Creelman, Senior Vice President, Products & Marketing at Fidelity. “The new conservative and equity All-in-One ETFs will provide investors with additional options to align with their risk preferences and return objectives.”
Investors can trade shares of all NEO-listed Fidelity ETFs through their usual investment channels, including discount brokerage platforms and full-service dealers.
“Fidelity’s expansion of the All-in-One ETFs portfolio is a testament to the success of their existing strategies. The strong performance of FBAL and FGRO paved the way for Fidelity’s new funds, which offer greater choice to the discerning Canadian investor,” remarked Jos Schmitt, President & CEO of NEO. “It is always a pleasure to welcome back an existing issuer with new listings, and this is certainly true for Fidelity. We are honoured to be the exchange of choice for these new ETFs and will continue to support Fidelity as a voice and champion for the Canadian ETF industry.”
The NEO Exchange is home to almost 200 unique listings, including ETFs from Canada’s largest ETF issuers, and some of the most innovative Canadian and international growth companies. NEO consistently facilitates about 20% of all trading in Canadian ETFs and close to 15% of all volume traded across Canadian marketplaces.
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