About Fidelity Investment Grade Bond ETF (FIGB)

The Fidelity Investment Grade Bond ETF (FIGB) is an exchange-traded fund that aims to provide investors with exposure to a diversified portfolio of investment-grade bonds. The ETF seeks to track the performance of the Bloomberg Barclays U.S. Corporate Bond Index, which is made up of investment-grade corporate bonds issued in the United States. By investing in this ETF, investors can gain access to a broad range of investment-grade bonds, which are typically considered to be relatively low risk compared to high-yield or junk bonds.

The FIGB ETF has a market capitalization of $X billion, making it one of the largest investment-grade bond ETFs in the market. The ETF has a price-to-earnings growth (PEG) ratio of X, indicating that it may be potentially undervalued compared to its expected future earnings growth. This makes FIGB an attractive investment option for investors seeking exposure to investment-grade bonds.