Fidelity Launches Inflation ETF

Issuer rolls out a factor-based fund designed to outperform in inflationary periods.

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Reviewed by: Heather Bell
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Edited by: Heather Bell

Today, Fidelity has rolled out an equity ETF that is supposed to outperform the broad market in times of increasing inflation via a factor-based strategy. The Fidelity Stocks For Inflation ETF (FCPI) tracks an index of large- and midcap U.S. stocks offering exposure to the value, quality and momentum factors.

The fund comes with an expense ratio of 0.29% and lists on Cboe Global Markets, the parent company of ETF.com.

FCPI tracks the Fidelity Stocks for Inflation Factor Index. The fund seems to be in the same vein as the $353.3 million Fidelity Dividend ETF for Rising Rates (FDRR), which targets companies that have strong dividend metrics and whose performance correlates with increasing 10-year Treasury yields.

The fund joins Fidelity’s family of 28 ETFs, which have a total of more than $17 billion in assets under management.

Contact Heather Bell at [email protected]

Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.