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Fidelity® MSCI Information Technology Index ETF (FTEC)FTEC
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
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- PASS (Skip invest)*
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Upturn Advisory Summary
09/18/2024: FTEC (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 33.29% | Upturn Advisory Performance  4 | Avg. Invested days: 68 |
| Profits based on simulation | ETF Returns Performance  5 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 33.29% | Avg. Invested days: 68 |
Upturn Star Rating | ETF Returns Performance 5 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 4 |
Key Highlights
Volume (30-day avg) 221511 | Beta 1.26 |
52 Weeks Range 117.69 - 181.11 | Updated Date 09/19/2024 |
52 Weeks Range 117.69 - 181.11 | Updated Date 09/19/2024 |
AI Summarization
Fidelity® MSCI Information Technology Index ETF Summary:
Profile:
Focus: Tracks the performance of the MSCI US Information Technology Index by investing in large- and mid-cap US information technology companies.
Asset Allocation: Primarily allocates to US equities in the information technology sector.
Investment Strategy: Passive, aiming to replicate the performance of the target index through a sample-based approach.
Objective:
Seeks to provide investment results that closely track the performance of the MSCI US Information Technology Index, before fees and expenses.
Issuer:
Fidelity Investments: A leading global asset management company with a long-standing reputation for reliability and low-cost investment products.
Management: Experienced team with expertise in index investing and managing passive funds.
Market Share:
Holds a significant market share within the US information technology sector ETF space.
Total Net Assets:
Over $24 billion in assets under management.
Moat:
- Low-cost: Offers a low expense ratio compared to similar ETFs.
- Brand recognition: Benefits from the strong reputation of Fidelity Investments.
- Liquidity: High trading volume provides easy entry and exit for investors.
Financial Performance:
- Historical Performance: Has consistently tracked the performance of the MSCI US Information Technology Index closely.
- Benchmark Comparison: Outperformed the broader market as represented by the S&P 500 Index over the long term.
Growth Trajectory:
Information technology is a dynamic sector expected to experience continued growth driven by technological advancements.
Liquidity:
- Average Trading Volume: High, indicating ease of buying and selling shares.
- Bid-Ask Spread: Tight, resulting in low transaction costs.
Market Dynamics:
- Economic Indicators: Interest rates, inflation, and economic growth can impact the sector's performance.
- Sector Growth Prospects: Technological advancements and consumer demand drive growth in the information technology sector.
- Market Conditions: Overall market sentiment and volatility can affect the ETF's performance.
Competitors:
- Invesco QQQ Trust (QQQ): Largest competitor with a market share of over 50%.
- iShares Expanded Tech Sector ETF (IGV): Similar exposure with a slightly higher expense ratio.
- Vanguard Information Technology ETF (VGT): Another low-cost competitor with a broad sector focus.
Expense Ratio:
0.08%, significantly lower than the average expense ratio for technology sector ETFs.
Investment Approach and Strategy:
- Strategy: Passively tracks the MSCI US Information Technology Index.
- Composition: Primarily invests in large- and mid-cap US technology companies, with holdings diversified across sub-industries.
Key Points:
- Low-cost exposure to the US information technology sector.
- Strong track record of performance.
- High liquidity and easy to trade.
- Benefits from Fidelity's brand recognition and expertise.
Risks:
- Volatility: Technology sector can be more volatile than the broader market.
- Market Risk: Performance is directly tied to the performance of the underlying technology companies.
- Concentration Risk: Portfolio concentrated in one sector, increasing exposure to sector-specific risks.
Who Should Consider Investing:
- Investors seeking long-term exposure to the US information technology sector.
- Investors comfortable with the volatility of the technology sector.
- Investors seeking a low-cost and passively managed investment option.
Fundamental Rating Based on AI:
8/10:
- Strengths: Strong financial performance, low expense ratio, high liquidity, and brand recognition.
- Weaknesses: High concentration risk and exposure to sector-specific volatility.
- Future Prospects: Positive outlook for the information technology sector, supporting continued growth potential.
Resources and Disclaimers:
This summary is based on information from the following sources:
- Fidelity Investments website
- ETF.com
- Morningstar
This information should not be considered investment advice. Please consult with a financial professional before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fidelity® MSCI Information Technology Index ETF
The fund invests at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Information Technology 25/50 Index, which represents the performance of the information technology sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Information Technology 25/50 Index. The fund is non-diversified.
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