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Asset Classes
Alternatives
Offer your clients a wider range of investment opportunities with our expanding lineup of alternative investments.
Reasons to consider adding alternatives to a portfolio
Expanded investment universe
Alternative investments can be a way to expand beyond traditional asset classes, providing additional investment options to potentially grow and protect your wealth.
Enhanced potential returns and income
Various types of alternative investments can help improve total returns and income, potentially bolstering a portfolio's overall performance across market cycles.
Diversification**
Alternative investments can provide returns that differ from traditional investments as well as the opportunity to manage risk.
Types of alternative investments
Private equity
Seeks to provide enhanced long-term capital appreciation by investing in the equity of private, non-traded companies and helping them optimize operations to drive future growth.
Private credit
Seeks to provide higher income and/or total returns versus public credit markets by investing in privately negotiated loans, bonds, or other below-investment-grade debt instruments.
Real assets
Seeks to provide attractive total returns, diversification from traditional investments, and income through exposure to physical assets, such as real estate, infrastructure, and agriculture.
Liquid alternatives
Seeks to diversify and manage risk by generating less correlated returns using a combination of stocks, bonds, commodities, currencies, leverage, and derivatives.
Digital assets
Seeks to provide growth and diversification by investing in digital assets, such as cryptocurrencies and other crypto tokens.
Access a growing lineup of alternative investment strategies
Fidelity® Ethereum Fund (FETH)
Seeks to provide exposure to the price of ether in a familiar investment structure that passively invests in ether. Please see the additional digital assets disclosure below.
This product is for investors with a high risk tolerance and invests solely in bitcoin, which is highly volatile and could become illiquid. Investors could lose their entire investment.
Fidelity Multi-Strategy Credit Fund
Seeks to provide a high level of current income and capital appreciation through investments across a variety of high income-oriented asset classes including both liquid and illiquid securities.
Fidelity Liquid Alternatives
Seeks to enhance returns, diversify and/or provide risk mitigation by investing in stocks, bonds, currencies and commodities often using derivatives and leverage.
Fidelity® Wise Origin ® Bitcoin Fund (FBTC)
Seeks to provide exposure to bitcoin without having to directly purchase the asset. Please see the additional digital assets disclosure below.
This product is for investors with a high risk tolerance and invests solely in bitcoin, which is highly volatile and could become illiquid. Investors could lose their entire investment.
Fidelity Private Credit Fund
Seeks to generate current income by providing access to directly originated loans made to U.S. middle and upper-middle market private companies.
Private Placements
Fidelity offers private funds for eligible investors in:- Private equity
- Distressed debt
- Real estate debt
- Direct lending
- Core real estate
- Digital assets
Browse all alternative strategies
Find opportunities for your clients beyond traditional stocks and bonds.
- ETFs
- Mutual Funds
FMSMX
Fidelity Multi-Strategy Credit Fund
FEMUX
FA Equity Market Neutral Fund
FGDIX
FA Gold Fund
FFGIX
FA Global Commodity Stock Fund
FWRIX
FA Global Real Estate Fund
FIRIX
FA International Real Estate Fund
FHEIX
FA Real Estate Fund
FRIRX
FA Real Estate Income Fund
FSIRX
FA Strategic Real Return Fund
FEQJX
FA Hedged Equity Fund
FAQEX
FA Macro Opportunities Fund*
FAPYX
FA Risk Parity Fund*
* Commodity interest trading involves substantial risk of loss. Past performance is not indicative of future results.
** Diversification does not ensure a profit or guarantee against a loss.
FBTC and FETH must be preceded or accompanied by its prospectus (FBTC Prospectus | FETH Prospectus). Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses.
Fidelity Hedged Equity ETF and Fidelity Dynamic Buffered Equity ETF: The funds may purchase or write put and call options. The notional downside protection offered by the option may be less or greater than the value of the Fund's portfolio. Options may involve economic leverage, which could result in greater volatility in price movement. Certain transaction costs associated with purchasing and writing options may impact the Fund's returns and in highly volatile markets the cost is expected to increase. An ETF may trade at a premium or discount to its Net Asset Value (NAV). These alternative investment strategies may not be suitable for all investors and are not intended to be a complete investment program for any investor. There is no assurance that the ETFs will be profitable.
Fidelity Yield Enhanced Equity ETF: Writing call options involves risk that the underlying security or instrument is sold at a disadvantageous price and may not fully protect the fund against market decline. An ETF may trade at a premium or discount to its Net Asset Value (NAV). These alternative investment strategies may not be suitable for all investors and are not intended to be a complete investment program for any investor. There is no assurance that the ETFs will be profitable.
Fidelity alternative investments
Beyond the traditional
Mike Bailey, Head of Private Equity Multi-Strategy
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Hear current insights from Fidelity's head of private equity multi-strategy funds.
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Mike Bailey, Head of Private Equity Multi-Strategy
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Harley Lank, Head of High Income and Alternatives
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Eric Granat, Fidelity Hedged Equity Strategy
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David Gaito, Fidelity Private Credit Fund
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Therese Icuss, Managing Director, Underwriting and Credit
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Adam Kramer, Fidelity Advisor Multi-Asset Income Fund
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Bill Maclay, Fidelity Real Estate Income Fund
Alternative investments research & insights
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INVESTING IDEAS
Alternative Investments and Their Roles in Multi-Asset Class Portfolios
Many investors look to alternatives to broaden the investment opportunity set and help enhance a portfolio’s returns, manage downside risk, and improve diversification.
Investing Ideas
Searching for Yield
Many yield-seeking investors are looking beyond traditional asset classes and may want to learn more about the tailwinds supporting the direct lending market.
Perspective
Bitcoin and digital assets: Understanding the digital ecosystem
As interest in this emerging asset class grows, advisors may want to learn more about what makes bitcoin and other digital assets different.
Explore more investment products & solutions
Spot crypto ETPs, such as FBTC and FETH, are not investment companies registered under the Investment Company Act of 1940 (the “1940 Act”)nor are they commodity pools under the Commodity Exchange Act of 1936 (the “CEA”). As a result, shareholders of spot crypto ETPs do not have the protections associated with ownership of shares in a registered investment company nor are shareholders afforded the protections of investing in an CEA-regulated instrument or commodity pool.
This product is for investors with a high risk tolerance and invests solely in ether, which is highly volatile and could become illiquid. Investors could lose their entire investment.
Digital assets are highly volatile, and their market movements are very difficult to predict. Various market forces may impact their value including, but not limited to, supply and demand, investors’ faith and their willingness to purchase it using traditional currencies, investors’ expectations with respect to the rate of inflation, interest rates, currency exchange rates, an evolving legislative and regulatory environment in the U.S. and abroad, and other economic trends. Investors also face other risks, including significant and negative price swings, flash crashes, and fraud and cybersecurity risks. Digital assets may also be more susceptible to market manipulation than securities.
The performance of each fund or funds will not reflect the specific return an investor would realize if the investor actually purchased cryptocurrency. Investors in either fund will not have any rights that cryptocurrency holders have and will not have the right to receive any redemption proceeds in the underlying cryptocurrency.
Diversification does not ensure a profit or guarantee against a loss.
Alternative investments are investment products other than the traditional investments of stocks, bond, mutual funds, or ETFs. Examples of alternative investments are limited partnerships, limited liability companies, hedge funds, private equity, private debt, commodities, re al estate, and promissory notes. Some of the risks associated with alternative investments are: Alternative investments maybe relatively illiquid. It may be difficult to determine the current market value of the asset. There may be limited historical risk and return data. A high degree of investment analysis maybe required before buying. Costs of purchase and sale may be relatively high.
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