FMET Profile
The Fidelity Metaverse ETF aims to provide investment results that correspond to the performance of the Fidelity Metaverse Index. The fund typically invests at least 80% of its assets in securities included in the index and in depositary receipts representing such securities. The Fidelity Metaverse Index is crafted to capture the performance of a global spectrum of companies that are involved in developing, manufacturing, distributing, or selling products or services related to the establishment and enabling of the Metaverse. This includes sectors such as virtual reality, augmented reality, 3D graphics, and immersive digital experiences.
The Fidelity Metaverse Index encompasses a diverse array of companies, from established tech giants to innovative startups, all contributing to the evolving Metaverse ecosystem. The index includes firms involved in hardware and software development, content creation, digital platforms, and other technologies that support virtual and augmented realities. By tracking this index, the ETF provides investors with exposure to the cutting-edge advancements driving the next generation of digital interaction and engagement.
As a non-diversified fund, the Fidelity Metaverse ETF may concentrate its investments in a smaller number of issuers, which can lead to increased volatility. However, this focused approach allows the fund to capitalize on the rapid growth and significant opportunities within the Metaverse space. The ETF aims to leverage the transformational potential of the Metaverse, which is anticipated to revolutionize industries such as gaming, entertainment, education, and social media by creating immersive and interconnected digital environments.
Investors in the Fidelity Metaverse ETF gain access to a forward-looking investment vehicle that seeks to benefit from the long-term growth prospects of the Metaverse. The ETF offers a strategic way to participate in the technological advancements and market innovations shaping the future of digital interaction. By investing in a global universe of companies at the forefront of Metaverse development, the fund provides a diversified yet targeted exposure to one of the most dynamic and potentially lucrative areas of technological evolution.
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