FIDELITY OPENS “THE FIDELITY STACK” IN DECENTRALAND; BECOMES FIRST BROKERAGE FIRM WITH IMMERSIVE EDUCATIONAL METAVERSE EXPERIENCE

The Fidelity Stack attributes Make investments Quest with gamified economic schooling

New experience launches along with Fidelity Metaverse ETF (FMET)

BOSTON, April 21, 2022–(Business WIRE)–Fidelity Investments® nowadays celebrated the grand opening of its initially immersive metaverse practical experience aimed at presenting a new way to learn investing essentials. The system is the most up-to-date go by Fidelity to make innovative means to serve purchaser desires, primarily the future generation of buyers, as it results in being the to start with top brokerage firm to present an educational metaverse encounter.

This push release attributes multimedia. Look at the complete launch in this article: https://www.businesswire.com/information/property/20220421005259/en/

The Fidelity Stack in Decentraland (Graphic: Business Wire)

The Fidelity Stack, crafted in Decentraland, capabilities a multi-amount layout entire with a foyer, dance ground, and rooftop sky back garden for customers to explore on foot – or even via teleport. In the Devote Quest at The Fidelity Stack, buyers are challenged to traverse the setting up finding out the basics of ETF investing though collecting “orbs” alongside the way.

“Fidelity is frequently innovating as we re-visualize what it appears to be like like to have interaction with consumers as a trusted economical companies organization in the potential,” said Kathryn Condon, head of advertising channels and rising platforms at Fidelity. “As Web 3. will take shape, Fidelity is excited to deliver our experience in financial training to this new digital place.”

In addition to furnishing a primer on different forms of expenditure merchandise, like ETFs, the experience celebrates the start of Fidelity Metaverse ETF (FMET), a new thematic ETF that supplies accessibility to companies that build, manufacture, distribute, or offer products or services associated to creating and enabling the metaverse. This ETF, along with other folks introduced past week, is a self-indexed ETF applying Fidelity’s proprietary indices, constructed by Fidelity’s quantitative investing group, to detect fairness securities that present exposure to these fast growing industries.

“The way we interact with every single other and with our cash is quickly transforming, whether which is by way of the increase of blockchain technologies or improvement of a new digital universe,” extra Condon. “Our foray into the metaverse is intended with this in head.”

The encounter joins the Fidelity Reddit website page and Fidelity’s TikTok account as some of the a lot of assets for younger buyers to improve their economic expertise through instructive content material and actionable insights. To aid investors superior fully grasp the metaverse and its related investment decision opportunities, this Viewpoints posting provides history: Enter the Metaverse.

“We’re portion of a dynamic shift as young people choose management of their funds in new strategies,” mentioned David Dintenfass, main internet marketing officer and head of emerging buyers at Fidelity. “The up coming technology seeks out economic education in all the areas they expend time, no matter if bodily or digital. We’re dedicated to serve shoppers in these decentralized communities as they remodel and expand.”

To stop by The Fidelity Stack, click on here (a desktop or notebook personal computer is demanded for Decentraland). To preview the expertise from any machine, simply click right here.

About Fidelity Investments
Fidelity’s mission is to encourage improved futures and deliver improved results for the consumers and firms we provide. With assets under administration of $11.3 trillion, which include discretionary property of $4.2 trillion as of March 31, 2022, we concentration on meeting the exclusive wants of a numerous established of shoppers. Privately held for above 75 a long time, Fidelity employs extra than 57,000 associates who are centered on the extensive-term accomplishment of our clients. For a lot more information about Fidelity Investments, visit https://www.fidelity.com/about-fidelity/our-firm.

Important Information

Prior to investing in any mutual fund or exchange-traded fund, you need to take into account its expense goals, challenges, expenses, and expenditures. Contact Fidelity for a prospectus, an giving circular, or, if readily available, a summary prospectus containing this information. Read it thoroughly.

Metaverse organizations are issue to several dangers, which includes all those affiliated with constrained merchandise lines, markets, monetary sources or personnel, intense competitiveness, potentially rapid solution obsolescence, impairment of intellectual house legal rights, disruptions in services, cybersecurity attacks, and adjustments in regulation. Despite the fact that the fund’s fundamental index works by using a regulations-centered proprietary index methodology that seeks to discover these types of corporations, there is no warranty that this methodology will be profitable.

ETFs are topic to marketplace fluctuation and the dangers of their fundamental investments. ETFs have management expenses and other expenses. In contrast to mutual money, ETF shares are purchased and marketed at marketplace rate, which may be bigger or decreased than their NAV, and are not independently redeemed from the fund.

Exchange-traded products (ETPs) are subject matter to current market volatility and the threats of their underlying securities, which might contain the threats involved with investing in smaller providers, foreign securities, commodities, and preset revenue investments. Overseas securities are subject matter to interest charge, forex trade price, financial, and political risks, all of which are magnified in rising marketplaces. ETPs that target a small universe of securities, such as a distinct area or industry sector, are usually subject matter to higher sector volatility, as properly as to the specific hazards associated with that sector, location, or other concentrate. ETPs that use derivatives, leverage, or advanced financial investment tactics are subject matter to additional threats. The return of an index ETP is usually distinctive from that of the index it tracks for the reason that of fees, bills, and monitoring mistake. An ETP may perhaps trade at a top quality or discount to its web asset price (NAV) (or indicative value in the scenario of trade-traded notes). The diploma of liquidity can range appreciably from a single ETP to an additional and losses could be magnified if no liquid marketplace exists for the ETP’s shares when trying to sell them. Just about every ETP has a one of a kind danger profile, in-depth in its prospectus, providing circular, or very similar substance, which should be regarded as carefully when creating investment choices.

Fidelity Investments and Fidelity are registered company marks of FMR LLC.

Fidelity Investments is not affiliated or related with, nor has it entered into a partnership with, Decentraland, the Decentraland DAO or the Decentraland Basis.

Fidelity Brokerage Expert services LLC, Member NYSE, SIPC,

900 Salem Street, Smithfield, RI 02917

Fidelity Distributors Company LLC,

500 Salem Avenue, Smithfield, RI 02917

Countrywide Monetary Products and services LLC, Member NYSE, SIPC,

245 Summertime Road, Boston, MA 02110

1025108.1.

© 2022 FMR LLC. All rights reserved.

Observe us on Twitter @FidelityNews

Pay a visit to About Fidelity and our newsroom

Subscribe to emailed information from Fidelity

See supply edition on businesswire.com: https://www.businesswire.com/information/household/20220421005259/en/

Contacts

Media Only:
Corporate Communications
(617) 563-5800
[email protected]

Deanna Spaulding
(617) 563-8359
[email protected]