FDIG Profile
The Fidelity Crypto Industry and Digital Payments ETF focuses on providing exposure to the burgeoning fields of cryptocurrency and digital payments. Under normal market conditions, the fund allocates at least 80% of its assets to equity securities that are part of its underlying index, as well as depositary receipts that represent these securities. This strategy ensures that the fund maintains a high level of investment in companies directly involved in the cryptocurrency and digital payments sectors.
The underlying index is meticulously designed to capture the performance of a global range of companies that are integral to the cryptocurrency ecosystem. This includes firms engaged in cryptocurrency mining, blockchain technology development, and digital payments processing. By targeting these specific areas, the ETF aims to provide investors with comprehensive exposure to the evolving digital finance landscape.
The fund’s investment focus is on identifying companies that are at the forefront of innovation in blockchain technology and digital payment solutions. This includes companies involved in the creation of digital currencies, the development of blockchain infrastructure, and the facilitation of digital transactions. As the financial industry continues to embrace these technological advancements, the ETF seeks to capitalize on the growth potential within these sectors.
Given its focus, the Fidelity Crypto Industry and Digital Payments ETF is non-diversified, concentrating its investments in a niche sector. This specialized approach allows the fund to potentially benefit from the rapid growth and technological advancements in the cryptocurrency and digital payments markets. Investors interested in gaining exposure to these high-growth areas can use this ETF as a vehicle to participate in the future of digital finance.
|
