Fidelity Covington Trust - Fidelity Fundamental Emerging Markets ETF
FFEM
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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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.Company Description
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 2210
- IPO Date
- Nov 21, 2024
- CIK
- 0000945908
- Similar Companies
- Business
- Fidelity Covington Trust – Fidelity Fundamental Emerging Markets ETF is an actively managed, exchange-traded investment fund that seeks long-term capital growth by investing principally in equity securities of companies located in, or with significant exposure to, emerging-market countries. Trading under the ticker FFEM, the fund invests across market capitalizations and may hold common stocks, depositary receipts and other equity-linked instruments, with portfolio selection based on bottom-up fundamental research, including assessments of company quality, growth prospects, valuation, capital allocation and competitive positioning. Its investment universe spans emerging-market issuers and sectors, including information technology, semiconductors, communication services, consumer, financial services, industrial, materials and health care companies, with exposure to markets such as Taiwan, South Korea, China, India, Brazil, Mexico, South Africa and other developing economies. FFEM is a series of Fidelity Covington Trust, a Fidelity-sponsored Delaware statutory trust, and is managed by Fidelity Management & Research Company LLC, an affiliate of Fidelity Investments. The fund is headquartered through its investment adviser in Boston, Massachusetts, and commenced operations on November 19, 2024. Recent operational developments include the fund’s launch as Fidelity’s actively managed fundamental emerging-markets equity ETF offering, continued portfolio management and quarterly cash-distribution activity; publicly available information indicates no separately disclosed material acquisition, merger, corporate reorganization, strategic alliance or name change for FFEM during the most recent one- to two-year period.