Fidelity Investments® has announced the launch of two new thematic exchange-traded funds (ETFs)—the Fidelity Crypto Industry and Digital Payments ETF (FDIG) and the Fidelity Metaverse ETF (FMET)—alongside five new fixed-income sustainable funds and ETFs. These seven innovative funds will become available around April 21, 2022, and can be purchased commission-free by individual investors and financial advisors through Fidelity’s online brokerage platform.
Expanding into Crypto and Metaverse Markets
Fidelity Crypto Industry and Digital Payments ETF (FDIG)
Focus: Companies supporting the broader digital asset ecosystem, including:
- Cryptocurrency mining and trading
- Blockchain technology
- Digital payment processing
- Note: Does not directly invest in cryptocurrencies but offers exposure to related equities.
Fidelity Metaverse ETF (FMET)
Focus: Companies driving the development of the Metaverse, such as:
- Computing hardware and components
- Digital infrastructure
- Design/engineering software
- Gaming technology
- Networking and content services
- Smartphones and wearable tech
- Additional Resource: Fidelity’s insight article: Enter the Metaverse.
Key Features of the New ETFs
- Passively managed with a competitive expense ratio of 0.39%.
- Proprietary indexing: Utilizes Fidelity’s proprietary indices to identify investable securities.
- Broadens Fidelity’s ETF lineup: Now offering 51 ETFs with over $33 billion in assets under management.
Sustainable Fixed-Income Offerings
Fidelity also introduced five sustainable fixed-income funds/ETFs, leveraging its proprietary ESG rating framework:
- Fidelity Sustainable Core Plus Bond Fund (FIAEX)
- Fidelity Sustainable Core Plus Bond ETF (FSBD)
- Fidelity Sustainable Low Duration Bond Fund (FAPGX)
- Fidelity Sustainable Low Duration Bond ETF (FSLD)
- Fidelity Sustainable Intermediate Municipal Income Fund (FSIKX)
Investment Strategy: All funds allocate ≥80% of assets to debt securities with positive ESG impacts.
Fidelity’s Leadership in Thematic Investing
- Theme categories: Megatrends, sustainability, outcome-oriented strategies, and disruptive innovations.
- Sustainability lineup: Now includes 22 funds, spanning ESG-focused thematic and broad sustainable strategies.
👉 Explore Fidelity’s Sustainable Funds
Fidelity’s Digital Asset Commitment
The launch of FDIG reinforces Fidelity’s role as a digital asset leader:
- 2014: Began blockchain exploration via Bitcoin mining.
- 2018: Launched Fidelity Digital Assets℠ for institutional custody/trading.
- 2020: Introduced a private Bitcoin fund for qualified investors.
FAQs
What is the expense ratio for FDIG and FMET?
Both ETFs have an expense ratio of 0.39%, among the lowest in their categories.
How do Fidelity’s sustainable funds select investments?
They use Fidelity’s proprietary ESG ratings and third-party evaluations to assess issuers’ sustainable practices.
Can retail investors buy these new ETFs?
Yes, all seven funds are available commission-free via Fidelity’s brokerage platform.
Does FDIG hold cryptocurrencies directly?
No, it invests in companies supporting the crypto ecosystem, not digital assets themselves.
What sectors does FMET target?
FMET focuses on Metaverse-enabling technologies, from hardware to content services.
👉 Learn More About Fidelity’s ETF Innovations