FMET
Fidelity Metaverse ETF
📎 Investment Objective
The Fidelity Metaverse ETF (FMET) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Metaverse Index, which is designed to track the performance of companies involved in the development of the metaverse.
Overview
ETF tracking Fidelity Metaverse ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The Fidelity Metaverse ETF (FMET) seeks to provide investment results that correspond, before fees and expenses, to the performance of the Fidelity Metaverse Index, which is designed to track the performance of companies involved in the development of the metaverse.
🎯 Investment Strategy
The ETF invests in a diversified portfolio of companies that are involved in the development of the metaverse, including those engaged in virtual reality, augmented reality, 3D rendering, and other related technologies. The fund seeks to replicate the performance of the underlying index by holding the same securities in similar proportions.
✨ Key Features
- Provides exposure to companies at the forefront of the emerging metaverse technology
- Diversified portfolio across different metaverse-related industries and sectors
- Passively managed to track the performance of the Fidelity Metaverse Index
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Investing in a relatively new and rapidly evolving technology sector, which may be subject to increased volatility and uncertainty
- Concentration risk as the fund is focused on a specific theme or industry
- Potential for high valuation and growth expectations not being met
- Liquidity risk due to the fund's relatively small size and limited trading history
👤 Best For
The Fidelity Metaverse ETF may be suitable for investors with a long-term investment horizon and a higher risk tolerance who are seeking exposure to the potential growth of the metaverse and related technologies. Investors should be aware of the fund's concentration in a specific sector and the associated risks.