Investors are increasingly looking at low volatility as a key metric for their investment strategies, especially in the face of economic and political uncertainties. The Fidelity Low Volatility Factor ETF (FDLO) is gaining attention as a potential addition to portfolios in preparation for 2024, given its potential benefits in today’s volatile market environment.
This growing volatility has sparked interest in low volatility ETFs like FDLO. The fund has attracted nearly $30 million in assets under management (AUM) over the past month, as indicated by VettaFi data. What’s noteworthy is that a significant portion of this AUM growth is attributed to fund flows, rather than price fluctuations alone. FDLO has seen $39 million in flows during the same period, bringing its total AUM close to $600 million.