Fidelity Canadian Value ETF (FCCV.TO)
Company overview
This passively managed Exchange Traded Fund (ETF) aims to capture the Canadian value equity market. It systematically identifies and invests in Canadian large and mid-capitalization companies that are deemed inexpensive relative to their industry peers. This selection process relies on a proprietary composite value score, which is also influenced by a size factor adjustment. Typically, this valuation score is derived from a weighted average of four key financial metrics: free cash flow yield, enterprise value to EBITDA (EV/EBITDA), price-to-book (P/B), and forward price-to-earnings (P/E). However, for banking institutions, only P/B and forward P/E are utilized. The resultant portfolio, generally comprising 60 to 100 individual stocks, is weighted according to each security's value score. The holdings are reviewed and rebalanced twice a year.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
Fidelity Canadian Value ETF (FCCV.TO)
No price history available.
This passively managed Exchange Traded Fund (ETF) aims to capture the Canadian value equity market. It systematically identifies and invests in Canadian large and mid-capitalization companies that are deemed inexpensive relative to their industry peers. This selection process relies on a proprietary composite value score, which is also influenced by a size factor adjustment. Typically, this valuation score is derived from a weighted average of four key financial metrics: free cash flow yield, enterprise value to EBITDA (EV/EBITDA), price-to-book (P/B), and forward price-to-earnings (P/E). However, for banking institutions, only P/B and forward P/E are utilized. The resultant portfolio, generally comprising 60 to 100 individual stocks, is weighted according to each security's value score. The holdings are reviewed and rebalanced twice a year.
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