- Business
- Fidelity Managed Futures ETF (FFUT) is an actively managed exchange-traded fund that seeks capital appreciation across various market regimes by capturing persistent price trends in equities, fixed income, currencies, and commodities through systematic long-short strategies utilizing futures, forwards, and other derivatives. Launched in June 2025 and listed on the Nasdaq Stock Market LLC, FFUT aims to deliver particularly attractive risk-adjusted returns during equity market drawdowns, with an estimated net expense ratio of 0.80% and total net assets of approximately $124 million as of late 2025. The ETF forms part of Fidelity Investments' expanding lineup of 79 ETFs and ETPs, which collectively manage $111 billion in assets, enhancing the firm's $41 billion alternative investments platform that includes private equity, private credit, real assets, liquid alternatives, and digital assets.
FFUT employs disciplined quantitative research and advanced systematic processes managed by portfolio manager Roberto Croce to identify and capitalize on upward or downward trends across diverse global markets, offering investors a liquid alternative for portfolio diversification. The fund's strategy differentiates from traditional equity investments by incorporating complex techniques such as leverage, short sales, and commodity-linked securities, targeting individual investors, financial advisors, and institutions through commission-free access on Fidelity's brokerage platforms. It operates as part of Fidelity Greenwood Street Trust, an open-ended investment company domiciled in the United States with daily pricing.
Fidelity Investments, the fund's sponsor, founded in 1946 and headquartered at 245 Summer Street in Boston, Massachusetts, employs over 77,000 associates across the United States, Ireland, and India, managing $15.0 trillion in assets under administration including $5.9 trillion in discretionary assets as of March 2025. The firm provides a broad range of financial services encompassing brokerage, retirement plans, wealth management, and mutual funds to over 40 million individual and institutional clients worldwide. FFUT represents Fidelity's strategic expansion into managed futures within its liquid alternatives segment, following recent launches of fixed income ETFs such as FMUB and FMUN in April 2025, as well as options-based equity overlays, amid growing demand for actively managed and alternative strategies. No significant acquisitions, partnerships, funding rounds, or reorganizations specific to FFUT have been reported since its inception.