Fidelity Investments has introduced six new disruptive ETFs to meet investor demand for thematic and active strategies. These ETFs, including Fidelity Disruptive Automation ETF (FBOT), Fidelity Disruptive Communications ETF (FDCF), Fidelity Disruptive Finance ETF (FDFF), Fidelity Disruptive Medicine ETF (FMED), and Fidelity Disruptive Technology ETF (FDTX), are now trading on Nasdaq and are commission-free for individual investors and financial advisors through Fidelity’s online brokerage platforms. Additionally, Fidelity Disruptors ETF (FDIF), a fund of funds that invests in a combination of these ETFs, will be available on June 20, 2023.
With a total expense ratio of 0.50%, these new ETFs are competitively priced among active thematic strategies in the industry. Greg Friedman, Fidelity’s Head of ETF Management and Strategy, expressed that the launch of these innovative ETFs marks a significant milestone for Fidelity and aligns with the increasing demand for thematic and active ETFs to meet investors’ evolving financial goals.
Fidelity initially launched its disruptive fund suite in April 2020 and later announced the conversion of these funds into ETFs in November 2022. The new transparent ETFs retain the same investment objectives and management approach as their former mutual fund counterparts. Fidelity’s disruptive strategies aim to invest in innovative business models, emerging industries, and technologies that are transforming traditional paradigms, including areas such as artificial intelligence, autonomous driving, and next-generation digital infrastructure.