In a statement released on Tuesday, Fidelity Investments revealed that it is planning on launching exchange-traded funds (ETFs) that will allow investors to gain exposure to various digital assets. The company also announced that it would launch seven new ETFs on April 21. These funds will be available through its online brokerage platforms.
The new funds include the company’s two thematic exchange-traded funds, as well as five new fixed-income funds and ETFs. Some of these include the FIAEX Bond Fund and the FSBD. The other new funds are the FFTDX Low Duration Bond Fund and the FFSLD.
Greg Friedman, the head of the company’s exchange-traded fund division, noted that the company is focused on developing new strategies that will allow investors to gain access to different asset classes. According to Friedman, the company sees demand for these new funds from young investors who are looking to gain exposure to the digital ecosystem. The two new thematic ETFs from the company allow investors to access the various industries that are expected to grow in the coming years.
The company noted that the two new funds expanded its lineup into the metaverse and crypto markets like OKX.com. The first one, the Digital Payments ETF, allows investors to back companies that are involved in the digital assets ecosystem.
The other fund, the Fidelity Metaverse, aims to provide investors with exposure to companies that are involved in the development and operation of the metaverse. These companies include those that are involved in various areas such as digital infrastructure, gaming technology, and web development.
The company’s new sustainable fixed income funds and ETFs will be based on the company’s ESG ratings. These ratings will be used to evaluate an issuer’s business practices. The company noted that it continues to expand its sustainable investing lineup by launching new strategies and funds that will allow investors to take advantage of the opportunities that are available to them. Pam Holding, the head of equity at the company, noted that investors are looking for ways to align themselves with the company’s values.
With the addition of the new sustainable fixed income funds and ETFs, the company’s clients have access to a wider range of asset classes to help them reach their goals. According to a survey conducted by PYMNTS and Plastiq, over half of small and medium-sized businesses (SMBs) believe that an all-in-one payment solution can help them improve their cash flows. However, almost half of them stated that it would be difficult to integrate with their existing systems. The survey was conducted to find out how an all-in-one solution can help their businesses.
The company’s new fund, the Digital Payments ETF, aims to provide investors with exposure to the digital payments industry by investing in companies that are involved in the development and operation of digital payment processing platforms. The company’s new fund, the Metaverse, will also invest at least 80% of its assets in securities that are included in the index.
The fund will also allow investors to gain exposure to companies that are involved in the development and operation of the metaverse. Some of these include those that are involved in the development of digital infrastructure, gaming technology, and web development. The company noted that the new funds’ low expense ratios make them ideal for passive investors. With the launch of these new funds, the company’s total number of ETFs will reach 51.