Fidelity Investments today announced the launch of Fidelity Managed Futures ETF (FFUT), a liquid alternative strategy that aims to capitalize on market trends through disciplined, systematic long-short investing.

FFUT is listed on NASDAQ/NMS Global Market and available today commission-free for individual investors and financial advisors through Fidelity’s online brokerage platforms.

“The new managed futures strategy is designed to provide clients with an investment option that can help diversify their portfolios with the ease of an ETF wrapper,” said Roberto Croce, portfolio manager of Fidelity Managed Futures ETF at Fidelity Investments. “Fidelity’s robust quantitative research, sophisticated investment capabilities, and disciplined investment process help us provide a differentiated strategy.”

FFUT seeks capital appreciation across market regimes, while aiming to provide especially attractive risk adjusted returns during periods of equity market drawdowns. In an effort to achieve its investment objective, the fund pursues a strategy intended to capture the persistence of price trends (up and/or down) in a broad set of markets — including equities, fixed income, currencies and commodities — utilizing futures, forwards and other derivatives.

“Our team has access to enormous amounts of data, world-class research, and top talent to help uncover new investing opportunities and build advanced systematic strategies, including Fidelity Managed Futures ETF,” said Neil Constable, head of Quantitative Research and Investments at Fidelity Investments.

With today’s launch, Fidelity’s exchange-traded lineup consists of 79 ETFs and ETPs with $111 billion in assets under management, including 31 actively managed equity ETFs, 15 fixed income ETFs, 13 equity factor ETFs, six passive thematic ETFs, 11 passive equity sector ETFs, two digital asset ETPs and Fidelity ONEQ. Most recently, Fidelity added two fixed income ETFs and three options-based ETFs to the lineup.