FFGX

📎 Investment Objective

The Fidelity Fundamental Global ex-U.S. ETF seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Fundamental Global ex-U.S. Index, which is designed to measure the performance of large- and mid-capitalization non-U.S. stocks.

✨ Key Features

• Provides broad exposure to large- and mid-cap stocks outside the U.S. across both developed and emerging markets
• Utilizes a fundamental indexing approach that weights companies based on measures of firm size rather than market capitalization
• Aims to offer diversification and potential for long-term capital appreciation
• Relatively low expense ratio of 0.00%

⚠️ Primary Risks

• Exposure to foreign markets, which may be subject to greater political, economic, and currency risks
• Potential for higher volatility compared to a market-cap weighted index due to the fundamental indexing methodology
• Lack of performance history, as the fund is relatively new
• Tracking error risk, as the fund may not perfectly replicate the performance of its underlying index

👤 Best For

The Fidelity Fundamental Global ex-U.S. ETF may be suitable for long-term investors seeking broad international equity exposure as part of a diversified portfolio. It may be particularly appealing to investors who prefer a fundamentally-weighted approach to international investing.