The Fidelity Enhanced International ETF (NYSEARCA:FENI) has quietly become one of the larger active international equity vehicles on the market, with net assets of roughly $8.1 billion as of the March 2026 NPORT filing.
International developed market stocks have beaten the S&P 500 by a wide margin year to date, and one Fidelity ETF is quietly riding that wave while paying investors roughly 3% in dividends.
Investors are on the hunt for international equities exposure. Despite some notable global uncertainty of late, U.S. investors have poured significant capital into international equity strategies and opportunities.
Fidelity Enhanced International ETF (NYSEARCA:FENI - Get Free Report) was the recipient of a significant growth in short interest in February. As of February 27th, there was short interest totaling 461,053 shares, a growth of 52.2% from the February 12th total of 302,897 shares. Based on an average daily trading volume, of 2,085,705 shares, the
Of the myriad storylines markets produced in 2025, foreign equities success was one of the biggest. Only overshadowed, perhaps, by the continued ascent of AI-related technology stocks, ex-U.S. equities saw strong returns for investor portfolios.
VettaFi held its 2026 Winter Symposium last week, focusing on the year that was and the year ahead. The symposium included plenty of juicy data, including from firms like Fidelity Investments.
The international ETF space has rewarded investors greatly so far in 2025. One particular strategy, FENI, recently crossed $5 billion in AUM.
Clark Allen, head of product at Horizon Investments, and Mike Hagopian, institutional portfolio manager at Fidelity Investments, joined host Nate Geraci this week on ETF Prime to discuss how their firms are addressing specific needs in advisor portfolios. Allen discussed Horizon's rapid entry into the ETF space, launching nine ETFs with $1.
Fidelity Enhanced International ETF earns a buy rating for its consistent outperformance and lower risk vs. the MSCI EAFE Index benchmark. FENI's active, factor-based strategy delivers superior total returns, lower volatility, and a lower expense ratio (0.28%) compared to EFA's 0.32%. The ETF features dynamic sector and geographic tilts, emphasizing growth and defensive positions, but relies on a new management team since 2023.
Investors seeking international exposure may want to target companies using a discerning strategy as opposed to simply tracking an all-encompassing index. They can achieve this with the flexibility of an active ETF wrapper with the Fidelity Enhanced International ETF (FENI).
For investors heavily weighted toward U.S. growth equities, international ETFs could be a useful diversification play for portfolios. Developed-market international equities, particularly in Europe, appear to have significant upside before reaching their long-term valuation levels relative to the S&P 500, according to recent research from Fidelity Investments.
On this episode of the “ETF of the Week” podcast, VettaFi's Head of Research, Todd Rosenbluth, discussed the Fidelity Enhanced International ETF (FENI) with Chuck Jaffe of Money Life. The pair covered various aspects of the fund to give investors a deeper understanding of the ETF overall.