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Fidelity MSCI Industrials Index ETF
FIDU (Fidelity MSCI Industrials Index ETF) is an index Industrials Equity ETF by Fidelity. With a 0.08% MER, it provides diversified exposure through 410 holdings. Quarterly distribution with a 1.04% yield.
FIDU 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.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).