New Active ETF from Fidelity on Xetra: access to high-yield corporate bonds worldwide with multi-factor approach

A new exchange-traded fund issued by Fidelity has been tradable on Xetra and via Börse Frankfurt since Tuesday.

The actively managed Fidelity Sustainable Global High Yield Bond Paris-Aligned Multifactor UCITS ETF enables investors to participate in the performance of high-yield corporate bonds issued worldwide with a rating below investment grade. The ETF uses a multi-factor model to select corporate bonds, combining quantitative, fundamental and sustainability factors. It is also guided by the climate targets of the Paris Agreement to reduce greenhouse gas emissions.

Issuers involved in business activities with significant externalities such as fossil fuels, tobacco and weapons are excluded from the ETF. 

The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,992 ETFs. With this selection and an average monthly trading volume of around €19 billion, Xetra is the leading trading venue for ETFs in Europe.