Fidelity Australian High Conviction Active ETF

The Fidelity Australian High Conviction Active ETF (FHCO) is designed to invest in a select group of high-quality Australian companies that the fund managers believe have strong growth potential. Instead of following a specific benchmark, this ETF uses an active management approach, meaning experienced investment professionals carefully choose stocks based on their research and insights. With a focus on a smaller number of stocks, the aim is to achieve higher returns by concentrating on the best ideas, although this strategy may involve more risk compared to more diversified funds. The management fee for this ETF is 0.85%, reflecting the active management style.