Fidelity launches an active global equity ETF seeking to outperform the MSCI ACWI
11 NOV, 2026
By Joanna Piwko from RankiaPro Europe
Fidelity International is expanding its active ETF offering with a new way to access global equities, combining developed and emerging markets. The asset manager today, November 11, 2026, launched the Fidelity All Country Equity Research Enhanced UCITS ETF, adding to its Core Research Enhanced range.
Neil Davies, Head of ETFs at Fidelity International, introduces a launch that strengthens an offering which already had $16.2 billion in ETF assets under management as of October 30, 2026.
A quantitative strategy based on Fidelity’s research
The ETF invests in developed and emerging market equities using a quantitative approach focused on Fidelity analysts’ positive recommendations on stocks. The strategy aims to outperform its benchmark, the MSCI ACWI (Net Total Return), although there is no guarantee that it will do so.
The product also takes ESG characteristics into account, with the aim of achieving an ESG score higher than that of its benchmark. Davies explains the philosophy behind the range:
“Our Core Research Enhanced range combines Fidelity’s extensive research capabilities with a disciplined, benchmark-aware investment approach, giving investors the opportunity to benefit from active stock selection within a risk-controlled framework.”
Neil Davies, Head of ETFs at Fidelity International
Listings, share classes and costs
The ETF begins trading today on Borsa Italiana and Xetra with a euro-accumulating share class (ticker: FACE). The dollar-accumulating share class (ticker: FACR) will begin trading on SIX on November 12, 2026. Both share classes have ongoing charges of 0.25%.
| Ticker | Share class | ISIN | Ongoing charges | Listing | Index |
|---|---|---|---|---|---|
| FACE | EUR Acc | IE000YY9IYL1 | 0.25% | November 11, 2026 (Borsa Italiana and Xetra) | MSCI ACWI (Net Total Return) |
| FACR | USD Acc | IE000KTYAJV4 | 0.25% | November 12, 2026 (SIX) | MSCI ACWI (Net Total Return) |
A growing range of active ETFs
Fidelity is one of Europe’s largest active ETF managers. This launch follows the recent introduction of the Equity Enhanced Yield range, featuring two active ETFs that sell call options to generate additional income.
“With this new launch, we continue to expand our established range and give investors more options for incorporating Fidelity’s active management expertise into the core of their equity portfolios.”
Neil Davies, Head of ETFs at Fidelity International
