Fidelity adds US large-cap growth ETF to active lineup

Fidelity International has launched the Fidelity US Fundamental Large Cap Growth UCITS ETF (FFLG), expanding its higher-conviction active equity range in Europe. The Irish-domiciled ETF charges a 0.38% TER and targets US large-cap growth stocks using bottom-up research and systematic portfolio construction, with Fidelity Investments acting as sub-advisor. The launch comes as Fidelity also develops equity-enhanced yield ETFs, reflecting growing European demand for active and derivative-based strategies.