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Fidelity American Equity Fund
FCAE (Fidelity American Equity Fund) is an active US Equity ETF by Fidelity. With a 0.85% MER, it provides diversified exposure.
FCAE is actively managed by Fidelity's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 0.85% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
It can be held in a TFSA, RRSP, or non-registered account depending on your investment strategy.