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Fidelity Multi-Alt Balanced Fund
FMAB (Fidelity Multi-Alt Balanced Fund) is an active Balanced ETF by Fidelity. With a 1.00% MER, it provides diversified exposure.
FMAB is actively managed by Fidelity's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 1.00% MER reflects the costs of a more specialized management approach. It does not pay a significant distribution — returns are reinvested for capital growth.
FMAB is an all-in-one solution combining equities and bonds. It is particularly well suited for beginners or investors who prefer a simplified approach.