Fidelity International Value Index ETF (FCIV.TO) TSX

42.51

+0.23(+0.54%)

Updated at September 08 03:59PM

Currency In CAD

Fidelity International Value Index ETF

Sector

Financial Services

Industry

Asset Management

Employees

N/A

First IPO Date

June 10, 2020

Key Executives

N/A

Description

The fund is passively managed to target the international value equity space. The fund holds large- and mid-cap stocks in developed markets outside U.S. and Canada that are identified to be undervalued within their respective sectors based on a composite value score, subject to a size factor adjustment. The value score is generally taken from the weighted average of four metrics: free cash flow yield, EV/EBITDA, P/B, and forward P/E, except for banks wherein only P/B and forward P/E are considered. The resulting portfolio of about 60-100 stocks is weighted by value score and rebalanced on a semi-annual basis.