Fidelity Investments Canada Collaborates with Cboe Canada to Launch New High Yield Equity ETF

TORONTO--(BUSINESS WIRE)--Cboe Canada Inc. ("Cboe Canada") is pleased to announce the launch of a new ETF issued by Fidelity Investments Canada ULC ("Fidelity"). The Fidelity Equity Premium Yield ETF is trading now on Cboe Canada under the ticker symbol FEPY, with a U.S. dollar call option available under the ticker ticker ticker. U.

The new ETF aims to offer both long-term capital growth and a regular dividend payout by investing primarily in U.S. listed companies that typically have similar market capitalizations to companies in the S&P 500 Index or the Russell 1000 Index. A derivative-based options strategy integrated into the fund aims to improve cash flow and mitigate overall portfolio volatility.

"We are thrilled to add the Fidelity Equity Premium Yield ETF to our broad suite of ETFs," said Andrew Clee, Vice President, Products, Fidelity Investments Canada. "The fund is designed to provide investors with the opportunity to improve their cash flow and potentially achieve long-term growth while mitigating the impact of market volatility. We are proud to once again partner with Cboe Canada to expand investor access to ETFs." »

The PYFF fund now trades with the 26 other Fidelity ETFs already listed on Cboe Canada. Investors can trade units of all Fidelity ETFs through their usual investment channels, including discount platforms and investment dealers.

Rob Marrocco, Global Head of ETF Listings at Cboe, said: "From the creation of the first US-listed options, to the first innovative derivatives indices and products with options exposure, Cboe has been at the forefront of the derivatives market for more than 50 years. It's no surprise that we remain the leading ETF exchange with options integration. Fidelity is a key player in the Canadian ETF market and we are excited to help them bring these innovative solutions to market, which will allow more investors to access the benefits of options." »

Cboe Canada is home to ETFs from Canada's largest ETF issuers, Canadian Depositary Receipts (CDRs), and some of the most innovative Canadian and international growth companies. Cboe systematically facilitates 15% of the total volume of Canadian listed securities traded. Click here to see the full list of all securities listed on the Cboe.

About Cboe Canada

Cboe Canada is Canada's premier exchange, providing a best-in-class listing experience for issuers who are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies looking for an internationally recognized exchange that ensures investor confidence, quality liquidity, and broad outreach, including unfettered access to market data.

Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, high-level market intelligence, cutting-edge technologies, and unparalleled service to deliver what stakeholders and the world need and will need.

Cboe Canada operates ETF Market Canada, a user-friendly platform that serves as a one-stop shop for investors and advisors interested in researching and analyzing ETFs (or ETFs, exchange-traded funds). They find real-time, institutional-grade data that allows them to compare, weigh and explore the full universe of more than 1,200 Canadian ETFs for free.

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About Fidelity Investments Canada

Fidelity Investments Canada is on a mission to build a better future for our clients. Our diverse services are aimed at financial advisors, wealth management firms, employers, institutions and individuals. We adapt to the changing market through constant innovation and offer our clients a wide range of investment and wealth management products, services and technology solutions, all of which benefit from Fidelity's strength and global reach. With $261 billion in assets under management (as of September 24, 2024), Fidelity Investments Canada is a privately held company committed to helping its diverse clients achieve their long-term goals. Fidelity funds are available from financial advisors and online trading platforms.

Investments in mutual funds and ETFs may be subject to commissions, trailing commissions, management fees, brokerage fees, and other fees. Before investing, investors are advised to read the prospectus of the mutual fund or ETF, which contains detailed information about the product offered. Mutual funds and ETFs are not guaranteed. Their value changes frequently, and investors may incur a gain or loss. Past performance is not a guarantee of future results.

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Contacts

Cboe Canada, Media Relations:
media@cboe.ca