Fidelity MSCI Information Technology Index ETF FTEC

Fidelity MSCI Information Technology Index ETF is an exchange traded fund that focuses on mimicking as closely as possible the performance of the MSCI USA IMI Information Technology Index. It was established in 1998 in the US and currently operates in the US. It does not focus on the international market and priorities the performance of US-based equities in the MSCI USA IMI Information Technology Index.

Fidelity MSCI Information Technology Index ETF is listed on the NYSE Arca exchange and can be found using the FTEC ticker. As of 2020, the fund has total net assets of $4.6bn and a net expense ratio of 0.8%.

Through a passive investment management strategy, the Fidelity MSCI Information Technology Index ETF stock tracks the performance of the top performers in the MSCI USA IMI Information Technology Index. Some of the fund’s most high-profile holdings include companies such as Apple Inc, Microsoft Corp, Visa Inc Class A, NVIDIA Corp, and Salesforce. It focuses solely on the information technology sector and uses a representative sampling indexing strategy to manage the performance and operation of the fund.

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