Fidelity Investments has introduced four new exchange-traded funds (ETFs) focusing on three emerging investing trends: cryptocurrencies, the metaverse, and environmental, social, and governance (ESG) criteria. The Fidelity Crypto Industry and Digital Payments ETF (FDIG), the Fidelity Metaverse ETF (FMET), the Fidelity Sustainable Core Plus Bond ETF (FSBD), and the Fidelity Sustainable Low Duration BondF (FSLD) are the ETFs in question.
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| Fidelity's New Crypto, Metaverse, and ESG ETFs |
The commencement dates for these four funds were April 19, 2022. 2345 The Fidelity Crypto Industry and Digital Payments ETF (FDIG) will not provide direct exposure to cryptocurrencies but will instead invest in firms that serve the larger digital assets ecosystem.
- Fidelity has introduced four new ETFs focusing on emerging investment themes.
- One invests in stocks of firms that assist the cryptocurrency and digital payments industry.
- Another invests in the stock of firms that are building the metaverse.
- Two bond ETFs will adhere to ESG standards, particularly in terms of sustainability.
Crypto Industry and Digital Payments ETF from Fidelity (FDIG)
This ETF aspires to replicate the performance of the Fidelity Crypto Industry and Digital Payments Index by investing at least 80% of its assets in index securities. The index is intended to reflect the performance of a worldwide universe of enterprises involved in cryptocurrencies, blockchain technology, and digital payment processing.
Metaverse ETF from Fidelity (FMET)
This ETF invests at least 80% of its assets in index securities in an attempt to mimic the performance of the Fidelity Metaverse Index. The index aims to represent the performance of a global network of businesses that design, produce, market, or sell goods or services related to the development and functioning of the metaverse.
Fidelity Sustainable Core Plus Bonds mutual fund (FSBD)
This ETF tries to provide a high amount of current income. It will typically invest at least 80% of its assets in debt instruments of all kinds that Fidelity thinks have positive ESG advantages, as well as repurchase agreements (repos) for such securities.
Sustainable Low Duration Bond ETF from Fidelity (FSLD)
This ETF aims for a high amount of current income while preserving capital. It will typically invest at least 80% of its assets in investment-grade debt instruments (medium to high quality) of all sorts that Fidelity thinks have significant ESG advantages, as well as repos for such securities.
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