Fidelity US Equity Research Enhanced UCITS ETF EUR Hedged Acc

Objective: The fund aims to achieve long-term capital growth from a portfolio primarily made up of equity securities of companies in the United States. Investment Policy: The fund invests primarily in equities of companies domiciled, or exercising the predominant part of their economic activity, in the United States. The fund aims to outperform the Benchmark by a target of 1% annualised gross returns over a period of 5 years or more. The fund may use derivatives for efficient portfolio management and currency hedging purposes. Investment Process: The fund is actively managed and references the Benchmark (as defined below) as part of its investment process. The fund uses a quantitative approach to deliver a portfolio of investments that are usually focused on the highest conviction stock recommendations identified by the Investment Manager's research analysts. On an ongoing basis, the fund will consider a wide range of environmental and social characteristics such as carbon intensity, carbon emissions, energy efficiency, water and waste management, biodiversity, product safety, supply chain, health and safety and human rights. The fund aims to achieve an ESG score of its portfolio greater than that of its Benchmark. For more information, see "Sustainable Investing Policy and ESG Integration" and the Sustainability Annex sections of the Prospectus. Benchmark: MSCI USA (Net Total Return) Index (the "Benchmark"), an index that does not take into account ESG characteristics. Used for: investment selection, risk monitoring, performance and carbon footprint comparison. The fund has limited discretion in choosing investments relative to the Benchmark. It may invest in securities not included in the Benchmark and in different proportions to the Benchmark in order to take advantage of investment opportunities; however, the Benchmark constituents are generally representative of the fund's portfolio. This means that both the fund's portfolio and performance is unl

Gestione attiva

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No