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Fidelity MSCI Energy Index ETF
FENY (Fidelity MSCI Energy Index ETF) is an index Energy Equity ETF by Fidelity. With a 0.08% MER, it provides diversified exposure through 88 holdings. Quarterly distribution with a 2.31% yield.
FENY by Fidelity is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
Its 0.08% MER makes it one of the most cost-effective options in its category. It pays a quarterly distribution with a 2.31% yield, making it attractive for income-seeking investors.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.