Fidelity International is expanding its smart beta ETF range with two income funds that target quality companies.
The Fidelity Europe Quality Income Ucits ETF and the Fidelity Emerging Markets Quality Income Ucits ETF seek to provide exposure to high quality dividend paying companies, the company said.
The strategy builds a portfolio of stocks which have historically demonstrated good profitability, strong cashflows and consistent dividends with the objective of delivering a yield in excess of the broader market whilst, at the same time, carefully managing risk.
The two funds will track Fidelity-branded indices consistent with the existing Quality Income ETFs and have an ongoing charges figure of 0.3% for the Europe fund and 0.5% for the emerging markets fund.
The ETFs will begin trading on November 1 on the London Stock Exchange and Deutsche Börse.
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