Fidelity Covington Trust - Fidelity U.S. Multifactor ETF company info

What does Fidelity Covington Trust - Fidelity U.S. Multifactor ETF do?
Fidelity Covington Trust - Fidelity U.S. Multifactor ETF (NYSE:FDUS) focuses on leveraging multiple factors such as value, size, momentum, and quality to invest in U.S. stocks. Guided by a forward-thinking investment philosophy, the fund aims to deliver strong returns to investors by dynamically adjusting its portfolio to capture market opportunities and mitigate risks. Operating under the umbrella of Fidelity Investments, a well-respected name in financial services, this ETF seeks to offer a multi-factor approach, positioning itself to benefit from a range of market conditions. The fund's objective is to outperform the broader U.S. equity market through disciplined factor investing. FDUS operates exclusively through the NYSE Arca, providing investors with an accessible and efficient way to diversify their investment portfolio.
Fidelity Covington Trust - Fidelity U.S. Multifactor ETF company media
Company Snapshot

Is Fidelity Covington Trust - Fidelity U.S. Multifactor ETF a public or private company?

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Ownership
Public

How many people does Fidelity Covington Trust - Fidelity U.S. Multifactor ETF employ?

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Employees
75,585

What sector is Fidelity Covington Trust - Fidelity U.S. Multifactor ETF in?

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Sector
ETF

Where is the head office for Fidelity Covington Trust - Fidelity U.S. Multifactor ETF?

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Head Office
Boston, United States

What year was Fidelity Covington Trust - Fidelity U.S. Multifactor ETF founded?

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Year Founded
2020
What does Fidelity Covington Trust - Fidelity U.S. Multifactor ETF specialise in?
/Multifactor Investment /ETF Management /Portfolio Diversification /Risk Management /Investment Strategy /Financial Services

What are the products and/or services of Fidelity Covington Trust - Fidelity U.S. Multifactor ETF?

Overview of Fidelity Covington Trust - Fidelity U.S. Multifactor ETF offerings
Provides a diversified portfolio targeting multiple factors like value, size, momentum, and quality for potential higher returns.
Designed to offer investors exposure to U.S. equities across various sectors.
Utilizes a systematic, rules-based approach to select stocks, aiming to reduce risk and enhance returns.
Employs an advanced quantitative analysis to identify stocks that collectively offer a balance of the targeted factors.
Offers potential tax efficiency and lower operating expenses compared to traditional mutual funds.
Designed for investors looking for a cost-effective way to gain diversified exposure to the U.S. stock market.