Fidelity® Metaverse ETF (FMET)

Overview

The Fidelity Metaverse ETF (FMET) seeks to provide investment results that correspond to the performance of companies that develop, manufacture, distribute, or sell technologies related to the metaverse. It focuses on companies involved in virtual reality, augmented reality, digital infrastructure, and related technologies.

Reputation and Reliability

Fidelity is a well-established and reputable financial services company with a long track record in the investment management industry.

Management Expertise

Fidelity has a team of experienced investment professionals who manage a wide range of ETFs and other investment products.

Goal

To provide investment results that correspond generally to the performance of companies that develop, manufacture, distribute, or sell products and services related to establishing and enabling the metaverse.

Investment Approach and Strategy

Strategy: The ETF generally invests in securities included in a proprietary metaverse index, using a representative sampling strategy.

Composition Primarily holds stocks of companies involved in areas like computing hardware and components, digital infrastructure, gaming technology, and content creation.

Market Share: Data not readily available. Market Share highly depends on the definition and scope of the Metaverse ETF category. Fidelity's FMET is a significant player in this emerging area.

Total Net Assets (AUM): 52.08e6

Key Competitors

• Roundhill Ball Metaverse ETF (METV)
• Subversive Metaverse ETF (PUNK)

Competitive Landscape

The metaverse ETF market is relatively new and competitive. FMET benefits from Fidelity's brand recognition and distribution network. However, other ETFs like METV may have an earlier mover advantage and focus on slightly different segments of the metaverse ecosystem. The competitive landscape is rapidly evolving with new entrants and strategic shifts.

Historical Performance: Historical performance data needs to be retrieved from financial data providers to provide accurate numerical values. It fluctuates based on sector trends.

Benchmark Comparison: Benchmark comparison needs to be analyzed using historical performance data against appropriate metaverse-related indices. This is contingent on market data availability.

Expense Ratio: 0.39

Average Trading Volume

FMET's average trading volume fluctuates daily and depends on market interest and news, but is typically moderate.

Bid-Ask Spread

The bid-ask spread depends on market conditions and trading volume, but is generally tight for actively traded ETFs such as FMET.

Market Environment Factors

FMET is impacted by factors such as the growth of virtual and augmented reality technologies, advancements in digital infrastructure, consumer adoption of metaverse platforms, and regulatory developments.

Growth Trajectory

FMET's growth trajectory depends on the overall expansion of the metaverse and adoption of related technologies. Changes to strategy may occur based on the evolving nature of the Metaverse market, and holdings will dynamically adjust.

Competitive Edge

FMET benefits from Fidelity's established brand reputation and large distribution network, giving it an edge in attracting investors. The ETF aims to provide targeted exposure to companies involved in developing and enabling the metaverse. This focus allows investors to tap into the growth potential of virtual worlds, augmented reality, and related technologies. Fidelity's expertise in investment management further enhances the ETF's appeal.

Volatility

FMET's volatility is expected to be relatively high due to the growth-oriented nature of the metaverse sector.

Market Risk

FMET is subject to market risk associated with the metaverse sector, including technological obsolescence, regulatory uncertainty, and competition from other emerging technologies.

Ideal Investor Profile

The ideal investor profile for FMET is someone with a high-risk tolerance and a long-term investment horizon who believes in the potential of the metaverse.

Market Risk

FMET is best suited for long-term investors who are comfortable with the risks associated with investing in a rapidly evolving sector.

Fidelity Metaverse ETF (FMET) offers exposure to companies involved in the burgeoning metaverse. It leverages Fidelity's brand but faces competition in a fast-evolving market. Due to the nature of the sector, investors should anticipate high volatility. Its success hinges on the broader adoption and development of metaverse technologies. FMET is suited for long-term investors with high-risk tolerance.

Data Sources:

• Fidelity Investments
• Bloomberg
• ETF.com

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Market share and performance data are estimates and may vary depending on the source. Investment decisions should be based on your own due diligence and consultation with a financial advisor.