Multinational financial services firm Fidelity Investments Inc. has rolled out two new thematic exchange-traded funds and five new fixed income sustainable funds, according to a statement.
The Crypto Industry and Digital Payments ETF (FDIG) will offer investors the opportunity to put their money into companies that support crypto mining and trading, blockchain technology, and digital payments processing.
The Fidelity Metaverse ETF will provide investors access to firms involved in the development, manufacture, distribution, or sale of products or services related to the metaverse.
The two funds will be passively managed, with expense ratios of 0.39%. The funds are self-indexed using indices that identify equity securities that provide exposure to the industries.
Fidelity also launched fixed income sustainable funds and ETFs — Fidelity Sustainable Core Plus Bond Fund, Fidelity Sustainable Core Plus Bond ETF, Fidelity Sustainable Low Duration Bond Fund, Fidelity Sustainable Low Duration Bond ETF, and Fidelity Sustainable Intermediate Municipal Income Fund.
Fidelity has $11.1 trillion assets under administration, including $4.2 trillion in discretionary assets as of February 28, 2022. FXAIX is down 1.69%, while FBGRX is down 2.10%.