INVESTING IDEAS

Seek growth beyond borders with Fidelity Enhanced International ETF (FENI)

In today’s interconnected global economy, attractive investment opportunities increasingly extend beyond U.S. borders. International stocks provide access to growing global markets with the potential to provide an attractive equity return while helping diversify and mitigate volatility from investing in U.S. markets alone.

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Tap into potential growth drivers across global economies
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Many U.S. investors exhibit a “home bias,” often under allocating to international equities, even though global markets represent roughly 40% of total equity capitalization. Increasing international exposure may help strengthen diversification and capture opportunities across different regions and economic cycles.

Greater opportunity set

Non-U.S. markets represent 73% of the world’s gross domestic product (GDP) and 74% of publicly listed companies

 

Sources: (Market Capitalization) Factset, using MSCI ACWI IMI data as of 12/31/24; (World GDP) International Monetary Fund, World Economic Outlook Database, April 2025, annual 2025 data is estimated.

Concentration vs. Diversification: U.S. vs. International (Ex-U.S.)

Charts S&P 500 component weights (computed top-10 = 39.1%); Investopedia sector weights (IT = 34%); SSGA SPDR MSCI ACWI ex-US fact sheet (top-10 = 12.6%)

Source: Factset based on the MSCI AC World ex USA, as of 12/31/25.

It is not possible to invest directly in an index. All market indices are unmanaged. Not intended to represent the performance of any Fidelity fund.

Diversification does not ensure a profit or guarantee against a loss. Past performance is no guarantee of future results.

Leverage a larger opportunity set beyond US sectors & mega caps

U.S. markets have become increasingly top-heavy, with leadership concentrated in a handful of mega-cap stocks heavily weighted toward technology. Adding international exposures may help reduce vulnerability to U.S.-specific downturns by spreading allocation across different sectors and economies.

Fidelity Enhanced International ETF (FENI)

  • Low cost actively managed ETF
  • Benchmark aware core holding
  • Disciplined portfolio construction and risk management

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