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Asset Classes
Alternatives
Offer your clients a wider range of investment opportunities with our expanding lineup of alternative investments.
Reasons to consider adding alternatives to a portfolio
Expanded investment universe
Alternative investments can be a way to expand beyond traditional asset classes, providing additional investment options to potentially grow and protect your wealth.
Enhanced potential returns and income
Various types of alternative investments can help improve total returns and income, potentially bolstering a portfolio's overall performance across market cycles.
Diversification***
Alternative investments can provide returns that differ from traditional investments as well as the opportunity to manage risk.
Types of alternative investments
Private equity
Seeks to provide enhanced long-term capital appreciation by investing in the equity of private, non-traded companies and helping them optimize operations to drive future growth.
Private credit
Seeks to provide higher income and/or total returns versus public credit markets by investing in privately negotiated loans, bonds, or other below-investment-grade debt instruments.
Real assets
Seeks to provide attractive total returns, diversification from traditional investments, and income through exposure to physical assets, such as real estate, infrastructure, and agriculture.
Liquid alternatives
Seeks to diversify and manage risk by generating less correlated returns using a combination of stocks, bonds, commodities, currencies, leverage, and derivatives.
Digital assets
Seeks to provide growth and diversification by investing in digital assets, such as cryptocurrencies and other crypto tokens.
Access a growing lineup of alternative investment strategies
Private Placements
Fidelity offers private funds for eligible investors in:- Private equity
- Distressed debt
- Real estate debt
- Direct lending
- Core real estate
- Digital assets
Fidelity Liquid Alternatives
Seeks to enhance returns, diversify and/or provide risk mitigation by investing in stocks, bonds, currencies and commodities often using derivatives and leverage.
Fidelity Private Credit Fund
Seeks to generate current income by providing access to directly originated loans made to U.S. middle and upper-middle market private companies.
Fidelity Multi-Strategy Credit Fund
Seeks to provide a high level of current income and capital appreciation through investments across a variety of high income-oriented asset classes including both liquid and illiquid securities.
Fidelity® Wise Origin ® Bitcoin Fund
Seeks to provide exposure to bitcoin without having to directly purchase the asset. Please see the additional digital assets disclosure below.
This product is for investors with a high risk tolerance. It invests in single asset bitcoin, which is highly volatile and can become illiquid at any time.
Browse all alternative strategies
Find opportunities for your clients beyond traditional stocks and bonds.
- ETFs
- Mutual Funds
FBTC
Fidelity® Wise Origin® Bitcoin Fund
FMSMX
Fidelity Multi-Strategy Credit Fund
FGDIX
FA Gold Fund
FFGIX
FA Global Commodity Stock Fund
FWRIX
FA Global Real Estate Fund
FIRIX
FA International Real Estate Fund
FHEIX
FA Real Estate Fund
FRIRX
FA Real Estate Income Fund
FSIRX
FA Strategic Real Return Fund
FEQJX
FA Hedged Equity Fund
FAQEX
FA Macro Opportunities Fund*
FAPYX
FA Risk Parity Fund*
* Commodity interest trading involves substantial risk of loss. Past performance is not indicative of future results.
** Digital assets are speculative and highly volatile, can become illiquid at any time, and are for investors with a high-risk tolerance. Investors in digital assets could lose the entire value of their investment. Digital assets are not insured by the Federal Deposit Insurance Corporation or the Securities Investor Protection Corporation (“SIPC”).
*** Diversification does not ensure a profit or guarantee against a loss.
The Fidelity Wise Origin Bitcoin Fund material must be preceded or accompanied by a prospectus. Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses.
Fidelity Hedged Equity ETF and Fidelity Dynamic Buffered Equity ETF: The funds may purchase or write put and call options. The notional downside protection offered by the option may be less or greater than the value of the Fund's portfolio. Options may involve economic leverage, which could result in greater volatility in price movement. Certain transaction costs associated with purchasing and writing options may impact the Fund's returns and in highly volatile markets the cost is expected to increase. An ETF may trade at a premium or discount to its Net Asset Value (NAV). These alternative investment strategies may not be suitable for all investors and are not intended to be a complete investment program for any investor. There is no assurance that the ETFs will be profitable.
Fidelity Yield Enhanced Equity ETF: Writing call options involves risk that the underlying security or instrument is sold at a disadvantageous price and may not fully protect the fund against market decline. An ETF may trade at a premium or discount to its Net Asset Value (NAV). These alternative investment strategies may not be suitable for all investors and are not intended to be a complete investment program for any investor. There is no assurance that the ETFs will be profitable.
Fidelity alternative investments
Beyond the traditional
Harley Lank, Head of High Income and Alternatives
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Hear insights from Fidelity's head of high income and alternatives, Harley Lank.
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Harley Lank, Head of High Income and Alternatives
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Eric Granat, Fidelity Hedged Equity Strategy
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David Gaito, Fidelity Private Credit Fund
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Mike Bailey, Head of Private Equity Multi-Strategy Funds
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Therese Icuss, Managing Director, Underwriting and Credit
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Adam Kramer, Fidelity Advisor Multi-Asset Income Fund
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Bill Maclay, Fidelity Real Estate Income Fund
Alternative investments research & insights
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FBTC is not an investment company registered under the Investment Company Act of 1940 (the "1940 Act") and is not subject to regulation under the Commodity Exchange Act of 1936 (the "CEA"). As a result, shareholders of FBTC do not have the protections associated with ownership of shares in an investment company registered under the 1940 Act or the protections afforded by the CEA.
Digital assets are highly volatile, and their market movements are very difficult to predict. Various market forces may impact their value including, but not limited to, supply and demand, investors' faith and their willingness to purchase it using traditional currencies, investors' expectations with respect to the rate of inflation, interest rates, currency exchange rates, an evolving legislative and regulatory environment in the U.S. and abroad, and other economic trends. Investors also face other risks, including significant and negative price swings, flash crashes, and fraud and cybersecurity risks. Digital assets may also be more susceptible to market manipulation than securities.
The performance of FBTC will not reflect the specific return an investor would realize if the investor actually purchased bitcoin. Investors in FBTC will not have any rights that bitcoin holders have and will not have the right to receive any redemption proceeds in bitcoin.
The Fidelity® Wise Origin® Bitcoin Fund material must be preceded or accompanied by a prospectus. Before investing you should carefully consider the Fund's investment objectives, risks, charges and expenses.
IMPORTANT NOTE:
Fidelity Investments is waiving the fee to invest in FBTC. Starting August 1, 2024, Fidelity will begin charging an expense ratio of 25 basis points.
Fidelity Investments is waiving the fee to invest in FBTC. Starting August 1, 2024, Fidelity will begin charging an expense ratio of 25 basis points.
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