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Fidelity Multi-Alt Equity Fund
FMAE (Fidelity Multi-Alt Equity Fund) is an active Canadian Equity ETF by Fidelity. With a 1.10% MER, it provides diversified exposure. Annual distribution with a 0.25% yield.
FMAE is actively managed by Fidelity's investment team, which selects holdings with the goal of outperforming a benchmark index.
Its 1.10% 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.