Fidelity MSCI Information Technology Index ETF FTEC

The Fidelity MSCI Information Technology Index ETF is an exchange traded fund that seeks to replicate the general performance of the MSCI USA IMI Information Technology Index. This fund was launched 2013 and is domiciled in the United States. Fidelity, which was founded in 1946, manages this ETF. The company has its headquarters in Boston, Massachusetts, and operates internationally.

This fund invests at least 80% of its assets in securities included in the MSCI USA IMI Information Technology 25/50 Index, which represents the performance of the information technology sector in the US equity market. The Fidelity MSCI Information Technology Index ETF is non-diversified and mainly invests in US-based companies, with minor investments in emerging and developed Asia, Latin America, and Canada.

The ETF uses US dollars as base currency and the top investment sectors include technology and financial services. It focuses solely on the information technology sector and uses a representative sampling indexing strategy to manage investments. The portfolio’s top holdings are Apple Inc., Microsoft Corp., NVIDIA Corp., Visa Inc., and Mastercard Inc. This exchange traded fund is listed on the NYSE under the FTEC stock ticker.

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