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 $2.7 billion in assets under management.
Contact Heather Bell at [email protected]