Fidelity Investments Canada Unveils Exciting New ETF
Fidelity Investments Canada Launches New ETF
Fidelity Investments Canada is thrilled to announce the launch of its latest exchange-traded fund, the Fidelity Equity Premium Yield ETF, which is now accessible on Cboe Canada. This new addition is aimed at investors seeking both steady income and long-term capital growth.
What to Expect from the Fidelity Equity Premium Yield ETF
This innovative ETF is designed primarily for those interested in investing in U.S. listed companies with market capitalizations comparable to the S&P 500 and Russell 1000 indices. The underlying strategy incorporates derivatives-based options, enhancing cash flow and potentially reducing overall volatility.
Statement from Fidelity
Andrew Clee, Vice President of Product at Fidelity Investments Canada, expressed enthusiasm about this new offering, stating, "The Fidelity Equity Premium Yield ETF provides a compelling alternative for investors aiming to enhance their cash flow while also pursuing long-term growth. This launch expands our suite of investment products available through Cboe Canada, furthering investor access to innovative ETF solutions."
Trading Information
The Fidelity Equity Premium Yield ETF trades under the symbol FEPY, along with a U.S. dollar purchase option available under FEPY.U. It joins a suite of 26 existing Fidelity ETFs on Cboe Canada, making it easier for investors to trade through various channels including discount brokerages and full-service dealers.
Cboe Canada: A Leader in Innovation
Rob Marrocco, Global Head of ETF Listings at Cboe, highlighted the significance of this partnership, noting, "Cboe has been at the forefront of innovation in the derivatives market for over 50 years. Our collaboration with Fidelity Investments Canada helps bring cutting-edge investment solutions to the forefront, benefiting Canadian investors who seek the advantages of options trading."
The Evolution of ETF Listings in Canada
Cboe Canada has firmly established itself as a major player among stock exchanges in Canada, showcasing a diverse range of investment products, including ETFs from prominent issuers. This exchange continually supports a significant percent of the volume trading in the Canadian securities market, facilitating 15% of all trades.
Accessing Cboe Canada's Offerings
Investors are encouraged to explore Cboe Canada's listings for a complete overview of available securities. The platform provides user-friendly resources to help investors understand and engage with various ETF offerings.
About Cboe Canada
Cboe Canada has been operational since 2015 and is recognized for delivering a premium listing experience to emerging and established investment firms alike. Operated as part of the Cboe Global Markets network, it combines international expertise with leading technology to foster market trust and quality liquidity.
About Fidelity Investments Canada
Fidelity Investments Canada dedicates itself to building a brighter financial future for its clients, offering a wide range of services to financial advisors, institutions, and individuals. With over $261 billion in assets under management, Fidelity remains committed to providing tailored investment experiences that reflect the changing market landscape.
Frequently Asked Questions
What is the Fidelity Equity Premium Yield ETF?
The Fidelity Equity Premium Yield ETF is a newly launched fund that aims to offer capital growth and generate income by investing in U.S. companies.
How does the ETF enhance cash flow?
This ETF employs a derivatives-based options strategy to increase cash flow while also aiming to lower overall portfolio volatility.
What are the trading symbols for this ETF?
The ETF trades under the symbols FEPY and FEPY.U for its respective currency options.
What sets Cboe Canada apart from other exchanges?
Cboe Canada is renowned for its innovative approach in the ETF market, particularly in leveraging options for enhanced trading strategies.
How can investors access Fidelity ETFs?
Investors can trade Fidelity ETFs through conventional brokerage methods, including discount platforms or full-service agents.
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