Fidelity bulks up its 'disruptor' suite with 6 new thematic ETFs

Fidelity bulks up its 'disruptor' suite with 6 new thematic ETFs
The asset manager is banking on financial advisors' growing interest in targeted investment strategies.
JUN 13, 2023

Fidelity Investments is adding to its offerings of thematic strategies just as financial advisors are embracing the idea of helping clients target specific investing trends.

The asset manager has launched six new exchange-traded funds under its Disruptor series, pushing Fidelity’s actively managed ETF lineup to 15 funds with more than $1 billion in assets.

“Many advisors have told us that they have committed a single-digit percentage of client assets toward thematic ETFs that tap into long-term trends,” said Todd Rosenbluth, director of research at VettaFi.

“Such funds can complement core equity and fixed income ETFs in a broader portfolio,” he added. “With the expanded ETF product lineup, Fidelity has positioned itself to support the whole portfolio.”

The new ETFs, which will have total expense ratios of 50 basis points, include Fidelity Disruptive Automation (FBOT), Fidelity Disruptive Communications (FDCF), Fidelity Disruptive Finance (FDFF), Fidelity Disruptive Medicine (FMED), and Fidelity Disruptive Technology (FDTX). 

These funds are part of Fidelity’s thematic investment lineup, which includes areas such as disruption, megatrends and differentiated insights.

According to the announcement, Fidelity’s new ETFs are giving investors exposure to “long-term trends and themes that best align with their interests or objectives.”

Fidelity started its suite of disruptive ETFs in November 2022 when it announced plans to convert some mutual funds into transparent actively managed ETFs.

“The launch of these innovative, disruptive ETFs represents a significant milestone for Fidelity,” Greg Friedman, Fidelity’s head of ETF management and strategy, said in a statement.

“We’re building on our history of active management to grow our comprehensive lineup of active ETFs,” Friedman said. “We continue to see demand for thematic strategies as well as active ETFs to help meet investors’ evolving needs and their distinct financial goals.”

Latest News

Advisors weigh reputational risks, regulatory shifts in digital asset adoption
Advisors weigh reputational risks, regulatory shifts in digital asset adoption

Client sentiment and the regulatory climate may be getting sunnier, but fiduciary concerns are still holding three-fifths of surveyed advisors back from embracing crypto investments.

Citarell to spearhead Northeast sales growth for Easterly
Citarell to spearhead Northeast sales growth for Easterly

John Hancock veteran has more than 30 years of industry experience.

Hightower Advisors chief Oros to step down, Goldman Sachs 'lifer' is replacement
Hightower Advisors chief Oros to step down, Goldman Sachs 'lifer' is replacement

New leader takes over a firm that has seen remarkable transformation.

Why aren't investors celebrating stellar US earnings season?
Why aren't investors celebrating stellar US earnings season?

Tariffs, rates are overshadowing what should be a positive period.

Gold declines for second day following comments from Fed’s Powell
Gold declines for second day following comments from Fed’s Powell

Record rally for bullion is on hold for now as investors weigh outlook.

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.

SPONSORED Why wealth advisors should care about the future of federal tax policy

Blue Vault features expert strategies to harness for maximum client advantage.