Key Takeaways
- • Fidelity Managed Futures ETF (FFUT) won the 2026 ETF.com Award for Best New Alternatives ETF, recognizing the fund's differentiated trend-following strategy across multiple asset classes.
- • FFUT launched on Nasdaq on June 5, 2025, offering commission-free trading and a competitive fee structure with a net expense ratio of 0.80%, positioning it as an accessible liquid alternative for both retail and institutional investors.
- • The managed futures strategy employs systematic long/short investing to capitalize on sustained price trends across equities, fixed income, currencies, and commodities using futures, forwards, and derivatives—designed to deliver capital appreciation and strong risk-adjusted returns particularly during equity market declines.
- • The award reflects Fidelity's expansion of its $41 billion alternative investments lineup, leveraging the firm's in-house quantitative research and sophisticated investment capabilities to bring institutional-grade strategies into the ETF wrapper format.
- • Todd Rosenbluth, head of research at VettaFi, noted strong demand for Fidelity's alternative strategies in 2025 with expectations for continued growth positioning FFUT within a competitive landscape of new alternatives offerings.
Summary
Fidelity Investments has secured the 2026 ETF.com Award for Best New Alternatives ETF with its newly launched Fidelity Managed Futures ETF (FFUT), underscoring the firm's strategic push to democratize alternative investment strategies through the ETF structure. The fund debuted on Nasdaq Global Market on June 5, 2025, and is available commission-free to individual investors and financial advisors through Fidelity's brokerage platforms.
The FFUT strategy targets capital appreciation by identifying and capitalizing on sustained price trends—both upward and downward—across a diversified universe of markets including equities, fixed income, currencies, and commodities. The fund implements this trend-following approach through a disciplined, systematic long/short methodology using futures, forwards, and other derivatives. A key strategic objective is generating strong risk-adjusted returns with particular emphasis on defensive performance during periods of equity market weakness. Roberto Croce, portfolio manager at Fidelity, stated that the strategy leverages "Fidelity's robust quantitative research, sophisticated investment capabilities, and disciplined investment process" to deliver differentiated returns.
Competitively positioned within the alternatives space, FFUT carries a gross expense ratio of 0.83% and a net expense ratio of 0.80%, offering institutional-quality management at accessible pricing. The launch adds to Fidelity's rapidly expanding $41 billion alternative investments lineup, reflecting broader institutional demand for liquid alternatives that provide portfolio diversification benefits without the complexity or operational overhead of traditional hedge fund structures.
Todd Rosenbluth, head of research at VettaFi, characterized Fidelity's alternative strategy offerings as well-positioned for growth, noting that "Fidelity continues to bring its in-house expertise into the ETF market with innovative strategies" and that the firm has "seen strong demand thus far in 2025." The award recognition from ETF.com validates FFUT's positioning as a differentiated entrant in the managed futures ETF category, competing alongside offerings such as the SPDR Bridgewater All Weather ETF (ALLW), which won Best New Multi-Asset ETF in the same awards cycle.
The FFUT strategy targets capital appreciation by identifying and capitalizing on sustained price trends—both upward and downward—across a diversified universe of markets including equities, fixed income, currencies, and commodities. The fund implements this trend-following approach through a disciplined, systematic long/short methodology using futures, forwards, and other derivatives. A key strategic objective is generating strong risk-adjusted returns with particular emphasis on defensive performance during periods of equity market weakness. Roberto Croce, portfolio manager at Fidelity, stated that the strategy leverages "Fidelity's robust quantitative research, sophisticated investment capabilities, and disciplined investment process" to deliver differentiated returns.
Competitively positioned within the alternatives space, FFUT carries a gross expense ratio of 0.83% and a net expense ratio of 0.80%, offering institutional-quality management at accessible pricing. The launch adds to Fidelity's rapidly expanding $41 billion alternative investments lineup, reflecting broader institutional demand for liquid alternatives that provide portfolio diversification benefits without the complexity or operational overhead of traditional hedge fund structures.
Todd Rosenbluth, head of research at VettaFi, characterized Fidelity's alternative strategy offerings as well-positioned for growth, noting that "Fidelity continues to bring its in-house expertise into the ETF market with innovative strategies" and that the firm has "seen strong demand thus far in 2025." The award recognition from ETF.com validates FFUT's positioning as a differentiated entrant in the managed futures ETF category, competing alongside offerings such as the SPDR Bridgewater All Weather ETF (ALLW), which won Best New Multi-Asset ETF in the same awards cycle.
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