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Fidelity MSCI Utilities Index ETF
FUTY (Fidelity MSCI Utilities Index ETF) is an index Utilities Equity ETF by Fidelity. With a 0.08% MER, it provides diversified exposure through 65 holdings. Quarterly distribution with a 2.50% yield.
FUTY 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 2.50% yield, making it attractive for income-seeking investors.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).