Fidelity joins a growing number of asset management companies that are responding to shifting investor preferences for exchange-traded funds over mutual funds.

Fidelity Investments on Nov. 21 announced the launch of five actively managed equity ETFs and also highlighted a recent fee cut on another one of its active ETFs. The five new funds build on Fidelity’s Enhanced ETF suite,

Fidelity Investments is expanding its reach in the competitive world of systematic strategies for the masses, with the launch of five new active ETFs.

The new offerings include the Fidelity Enhanced U.S. All-Cap Equity ETF (FEAC), Fidelity Enhanced Emerging Markets ETF (FEMR), Fidelity Fundamental Developed International ETF (FFDI), Fidelity Fundamental Global ex-U.