Fidelity Emerging Markets Multifactor ETF Price & Performance (FDEM)

Fidelity Emerging Markets Multifactor ETF (FDEM) is drawing negative short-term forecasts, with technical indicators and analyst consensus pointing toward a potential decline. The average 30-day price target sits at $20.07, suggesting an 18% drop from current levels. Most moving averages and oscillators reinforce a bearish outlook, advising investors to remain cautious.12

Fidelity Emerging Markets Limited’s latest factsheet shows the fund’s portfolio outperformed its benchmark in March, even as emerging market equities saw negative returns in sterling. Gains in Latin America and EMEA helped offset weakness in Asia. Over 12 months, the trust’s share price rose 10%, outpacing its reference index.34

Fidelity Emerging Markets Multifactor ETF saw increased trading activity and price volatility this week, with daily volume spikes and a recent close at $24.65. Technical analysis highlights mixed signals, with short-term support at $23.69 and resistance at $24.67. Analysts recommend waiting for clearer trends before taking positions.152