Fidelity Enhanced Mid Cap Growth ETF (FEMG)

The Fidelity Enhanced Mid Cap Growth ETF (FEMG) is an actively managed fund from Fidelity Investments that invests in U.S. mid-cap companies with growth characteristics. It seeks capital growth.

The fund uses Fidelity's quantitative investment process, which ranks stocks on factors such as valuation, quality, momentum and earnings trends. It aims to modestly outperform the mid-cap growth segment of the market while keeping sector exposure and overall risk close to that segment.

Rather than making large concentrated bets, the enhanced approach spreads small active tilts across a broad portfolio of holdings.