FDHT Profile
Fidelity Digital Health ETF aims to offer investors targeted exposure to a broad array of companies engaged in digital health innovations. The fund invests at least 80% of its assets in securities that are part of its benchmark index, as well as in depositary receipts representing these securities. This investment strategy ensures that the fund closely mirrors the performance of the index, which encompasses a diverse range of companies involved in various facets of digital health technology.
The index tracked by the ETF is designed to reflect the performance of a global universe of companies spanning the market capitalization spectrum. These companies are at the forefront of digital health, encompassing areas such as healthcare records management, connected healthcare devices, surgical robotics, telemedicine, and other technology-enabled healthcare solutions. By focusing on these sectors, the index aims to capture the growth and innovation occurring in the digital health space, offering investors a comprehensive view of the sector's potential.
Managed by Fidelity Investments, a prominent global asset management firm, the ETF benefits from the company’s extensive research and expertise in technology and healthcare. Fidelity’s investment team applies rigorous analysis to identify and select leading companies within the digital health sector. The firm’s broad research capabilities and industry knowledge support the fund’s objective of investing in high-growth areas of healthcare technology while navigating the complexities of the sector.
The Fidelity Digital Health ETF is classified as non-diversified, which means it does not adhere to specific diversification requirements, allowing for a concentrated investment in select digital health companies. This approach enables the fund to focus on high-potential areas within the digital health sector, though it may lead to higher risk compared to more diversified funds. The management team continuously monitors market trends and technological advancements to optimize the fund’s holdings and align with the evolving landscape of digital health innovations.
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