This Fidelity ETF Pays You a 3% Yield to Keep Winning Big

"The Fidelity Enhanced International ETF (FENI) uses a quantitative approach to pick stocks from the MSCI EAFE Index, aiming to outperform the benchmark rather than replicate it."

"A weakening U.S. dollar has been the biggest catalyst: when the dollar falls, returns from foreign-denominated assets get a natural boost when converted back."

"International developed market stocks still trade at a steep discount to U.S. equities on a price-to-earnings basis, giving them more room to re-rate higher."

International developed market stocks have significantly outperformed the S&P 500 year to date. The Fidelity Enhanced International ETF (FENI) utilizes a quantitative stock selection approach to outperform the MSCI EAFE Index. With a low expense ratio of 0.28% and nearly $9 billion in assets, FENI has rapidly grown since its launch. The fund focuses on stocks with favorable characteristics while maintaining proximity to the benchmark. A weakening U.S. dollar and European fiscal stimulus have contributed to this trend, attracting U.S. investors to international markets.

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