Fidelity U.S. Momentum Currency Neutral Index ETF
FCMH.TO
Toronto Stock Exchange- -
CAD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Canada
- IPO Date
- Jun 5, 2020
- Similar Companies
- Business
- Fidelity U.S. Momentum Currency Neutral Index ETF (FCMH.TO) is an exchange-traded fund that seeks to replicate, before fees and expenses, the performance of the Fidelity Canada U.S. Momentum Currency Neutral Index by investing primarily in equity securities of large- and mid-capitalization U.S. companies exhibiting positive momentum signals; it employs derivatives to minimize exposure to currency fluctuations between the U.S. and Canadian dollars; the ETF normally invests in securities of the Fidelity U.S. Momentum Index ETF. Issued by Fidelity Investments Canada ULC, a subsidiary of Fidelity Investments founded in 1946 with Canadian operations established in 1987 and headquartered in Toronto, Ontario, the ETF targets Canadian investors seeking U.S. equity momentum exposure without CAD/USD currency risk, operating within the broad market equity segment across U.S. geographic focus. In a major strategic reorganization announced on May 15, 2024, Fidelity Investments Canada ULC included FCMH.TO among several underperforming ETFs targeted for termination, with an effective date of on or about September 6, 2024; the fund was delisted from Cboe Canada at Fidelity's request following closure to new purchases; this streamlining initiative aimed to simplify the product lineup amid evolving market demands and low investor interest.