Fidelity Emerging Markets Multifactor ETF
FDEM
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Mar 1, 2019
- CIK
- 0000945908
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity Emerging Markets Multifactor ETF (FDEM) is an exchange-traded fund that seeks to provide investment returns corresponding, before fees and expenses, to the performance of the Fidelity Emerging Markets Multifactor Index. The fund offers exposure to a diversified portfolio of large- and mid-capitalization stocks from emerging markets companies exhibiting attractive valuations, high quality profiles, positive momentum signals, lower volatility relative to broader emerging markets equities, and reduced correlation to the U.S. equity market; its holdings, totaling approximately 239 positions as of mid-2025, are concentrated in sectors such as technology, financials, consumer goods, and healthcare, with top allocations to companies including Taiwan Semiconductor Manufacturing Company Limited (8.61%), Tencent Holdings Limited (4.97%), and Samsung Electronics Co., Ltd. (2.46%). Launched on February 26, 2019, and domiciled in the United States, FDEM operates as a series of Fidelity Covington Trust, with investment management provided by Fidelity Investments companies headquartered at 245 Summer Street in Boston, Massachusetts. The ETF targets institutional and retail investors seeking diversified emerging markets equity exposure across regions including Asia (e.g., Taiwan, China, South Korea, India, Indonesia), Latin America (e.g., Brazil, Mexico), and other developing economies. In recent developments, Fidelity Investments has expanded its active ETF offerings with launches of five new actively managed equity ETFs in November 2024, including products in its Enhanced and Fundamental suites listed on NYSE and Cboe exchanges, reflecting a strategic emphasis on blending fundamental and quantitative approaches amid growing demand for active strategies; while FDEM remains a passive strategic beta product with assets under management around $197-218 million and a net expense ratio of 0.27%, these broader firm initiatives underscore ongoing portfolio enhancements and pricing adjustments across Fidelity's ETF lineup.