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Fidelity MSCI Information Technology Index ETF
FTEC (Fidelity MSCI Information Technology Index ETF) is an index US Technology Equity ETF by Fidelity. With a 0.08% MER, it provides diversified exposure through 277 holdings. Quarterly distribution with a 0.46% yield.
FTEC 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 does not pay a significant distribution — returns are reinvested for capital growth.
This sector ETF works well as a satellite position to overweight a specific sector within an already diversified portfolio.