Key Takeaways
- • Fidelity Investments launched Fidelity Managed Futures ETF (FFUT) on Nasdaq, offering liquid alternative exposure through systematic long-short trend-following across equities, fixed income, currencies, and commodities.
- • The new ETF is positioned to enhance portfolio diversification and provide attractive risk-adjusted returns during equity market drawdowns, utilizing futures, forwards, and derivatives to capture price trends.
- • FFUT carries a competitive expense ratio of 0.80% (net) and 0.83% (gross), with commission-free trading available to individual investors and financial advisors through Fidelity's brokerage platforms.
- • The launch expands Fidelity's alternative investments lineup to $41 billion, leveraging the firm's quantitative research capabilities and systematic investment process to differentiate the strategy.
Summary
Fidelity Investments announced the launch of Fidelity Managed Futures ETF (FFUT) on June 8, 2025, introducing an actively managed liquid alternative strategy designed to capture market trends through disciplined, systematic long-short investing. The ETF trades on The Nasdaq Stock Market and is immediately available commission-free to individual investors and financial advisors through Fidelity's online brokerage platforms.
The fund employs a broad-based trend-following approach, targeting capital appreciation by capturing the persistence of price trends—both upward and downward—across a diversified set of asset classes including equities, fixed income, currencies, and commodities. The strategy utilizes futures contracts, forwards, and other derivatives to achieve its investment objectives. A key stated objective is to deliver especially attractive risk-adjusted returns during periods of equity market stress and drawdowns, positioning the product as a diversification tool within a broader portfolio.
FFUT is competitively priced with an estimated net expense ratio of 0.80% and gross expense ratio of 0.83%. According to Roberto Croce, portfolio manager of the fund, the ETF is designed to "provide clients with an investment option that can help diversify their portfolios with the ease of an ETF wrapper." The launch leverages Fidelity's quantitative research infrastructure and systematic investment processes. Neil Constable, head of Quantitative Research and Investments at Fidelity, emphasized the firm's access to "enormous amounts of data, world-class research, and top talent" in building advanced systematic strategies. The product addition brings Fidelity's alternative investments lineup to $41 billion, reflecting continued expansion in the liquid alternatives market.
The fund employs a broad-based trend-following approach, targeting capital appreciation by capturing the persistence of price trends—both upward and downward—across a diversified set of asset classes including equities, fixed income, currencies, and commodities. The strategy utilizes futures contracts, forwards, and other derivatives to achieve its investment objectives. A key stated objective is to deliver especially attractive risk-adjusted returns during periods of equity market stress and drawdowns, positioning the product as a diversification tool within a broader portfolio.
FFUT is competitively priced with an estimated net expense ratio of 0.80% and gross expense ratio of 0.83%. According to Roberto Croce, portfolio manager of the fund, the ETF is designed to "provide clients with an investment option that can help diversify their portfolios with the ease of an ETF wrapper." The launch leverages Fidelity's quantitative research infrastructure and systematic investment processes. Neil Constable, head of Quantitative Research and Investments at Fidelity, emphasized the firm's access to "enormous amounts of data, world-class research, and top talent" in building advanced systematic strategies. The product addition brings Fidelity's alternative investments lineup to $41 billion, reflecting continued expansion in the liquid alternatives market.
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