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FGLS

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1d
1w
1m

Analysis and statistics

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About

Fidelity Enhanced Global Low Volatility Index ETF (FGLS.NEO) is an exchange-traded fund listed on the NEO Exchange. It seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Global Low Volatility Factor Index, which aims to reflect the performance of global developed market equity securities with potentially lower volatility than the overall market. The fund utilizes a rules-based approach to select and weight securities based on their volatility characteristics, potentially offering investors exposure to global equities with reduced risk.
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Factors

Factor 1: Net Asset Value (NAV): Reflects the total value of underlying securities held by the ETF, influencing its market price.

Factor 2: Supply and Demand: High buyer demand increases price, while increased selling pressure decreases it.

Factor 3: Market Sentiment: Overall investor confidence or fear concerning the sectors or assets FGLS.NEO invests in impacts its price.

Factor 4: Interest Rates: Interest rate changes can affect bond prices (if applicable) and influence investment decisions affecting ETF demand.

Factor 5: Economic Conditions: Economic growth or recession can alter earnings expectations for companies held within the ETF.

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