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Fidelity Global Small-Mid Cap Equity Fund
FGSM (Fidelity Global Small-Mid Cap Equity Fund) is a factor Global Equity ETF by Fidelity. With a 0.85% MER, it provides diversified exposure.
FGSM by Fidelity is a factor-based ETF that targets specific characteristics like value, quality, or low volatility to seek enhanced returns.
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 is a popular choice as a core holding in long-term portfolios, whether in a TFSA, RRSP, or FHSA.