What Is FCMO?
The ETF seeks to replicate, to the extent reasonably possible and before fees and expenses, the performance of the Fidelity Canada U.S. Momentum Index (the “Index”). It invests primarily in equity securities of large- and mid-capitalization U.S. companies that exhibit positive momentum signals. The Index is designed to reflect the performance of stocks of large- and mid-capitalization U.S. companies that exhibit positive momentum signals.
Set it, forget it, let compounding do the heavy lifting. 💪