FCAP
Actively managedInternational SharesFidelity Global Future Leaders Active ETF
About this ETF
The Fund provides investors with the potential for long-term capital growth by investing in a portfolio of listed mid and small-cap global shares. Fidelity believes that markets are semi-efficient and share prices don’t always reflect inherent value. Through in-house, bottom-up company research, Fidelity aims to uncover the opportunities that it believes offer the greatest scope for outperformance.
IssuerFidelity
Management fee (MER)1.10% p.a.
Inception date31 May 2024
BenchmarkMSCI World Mid Cap NR AUD
Scout Score
36/100
Ranked #53 of 64 in active International SharesAn independent score calculated by ETF Scout across 6 real-data factors (cost, diversification, liquidity, fund strength, performance, income), ranked against other actively-managed funds in the same category. Tracking isn't scored, since active funds don't target an index.
Cost38
Diversification—
Liquidity27
Fund Strength20
Performance—
Income81
Strengths
- Attractive yield — 2.40%, higher than 81% of active International Shares peers.
Weaknesses
- Small fund — $7M in assets, smaller than 80% of active International Shares funds, which can mean wider spreads.
- Lower liquidity — 0.36% bid/ask spread, wider than 73% of active International Shares peers.