Fidelity Equity ETFFEQT.TOBUYJan 21, 2025Stock price when the opinion was issued
Not simply broad, market-cap based. Systematic factor diversification (97% equities) plus small crypto allocation (3%). The core equities combine value, momentum, quality, and low volatility factors. Canadian, US, and international markets, as well as global small caps.
Diversifies you away from indexes and from US large caps.
XEQT gives you the whole world. Great. But FEQT exposes you at 3% here to Bitcoin, so you needn't worry about buying or selling crypto, so he prefers FEQT.