Fidelity Launches 12th Active Fixed Income ETF

“Fidelity’s fixed income lineup combines our extensive investment capabilities and expertise as an active manager to provide investors with a range of solutions across the fixed income risk spectrum and vehicle type, and [the] Fidelity Tactical Bond ETF provides investors with another competitive offering to further expand client vehicle choice.”

Measured against the Bloomberg U.S. Aggregate Bond Index and co-managed by Jeffrey Moore and Michael Plage, the Fidelity Tactical Bond ETF seeks a high current income level and capital growth by normally investing at least 80% of assets in debt securities of all types and repurchase agreements for those securities.

The advisor has the flexibility to allocate assets across the full spectrum of the debt market, including medium- and high-quality investment grade, high-yield and emerging market debt securities. The investment team uses a variety of investment techniques to manage the fund’s overall risk and interest rate risk, including sector rotation, asset allocation and security selection, Fidelity said.

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