Bringing you live news and features since 2006 

Fidelity launches range of low cost passive sector ETFs

RELATED TOPICS​

Fidelity Investments has launched its first suite of passive sector exchange-traded funds.

Fidelity’s 10 new passive sector ETFs have started trading on the New York Stock Exchange.
 
These ETFs will be the lowest-cost passively managed sector ETFs in the industry with total expense ratios of just 0.12 per cent, nearly 80 per cent below the industry average for passive sector ETFs. In addition, investors and registered investment advisors (RIAs) can purchase Fidelity’s ETFs commission-free online through one of Fidelity’s brokerage platforms.
 
Fidelity, which has more than 30 years of global sector investing experience, currently offers 44 actively managed sector mutual funds with more than USD50bn in assets. This new suite of sector ETFs complements the firm’s sector mutual funds, ensuring that investors have access to both actively managed and passively managed products.
 
“Since the financial crisis five years ago, investors and advisors have told us that they are looking for additional ways to diversify their portfolios and get exposure to specific industries outside of the typical cap-weighted or style specific options such as large or small cap, or growth and value,” says Anthony Rochte, president of SelectCo, the company’s dedicated sector investing division. “Our new passive sector ETFs can provide for that diversification, serving as building blocks to help investors and advisors find new ways of generating alpha through asset allocation and better manage portfolio risk.”
 
Fidelity is also making it easier for investors and advisors to learn more about the growing field of sector investing through the creation of sector-specific micro sites. These sites make it easy to access Fidelity’s latest sector thought leadership, research, guidance tools and education.
 
“It’s not enough to just provide new products today,” says Ram Subramaniam, president of Fidelity Brokerage. “To help our 10 million brokerage customers better understand sectors and make more informed investment decisions, we knew we needed to develop a world-class sector platform that brings together investment insights, research, education and highly customisable screeners for finding sector stocks, ETFs and mutual funds.”
 
With total expense ratios of just 0.12 percent, the new Fidelity ETFs are the industry’s lowest cost passive ETFs tracking the 10 major equity sectors – consumer discretionary, consumer staples, energy, financials, health care, industrials, information technology, materials, telecommunication services and utilities. Fidelity’s 10 new passively managed sector ETFs are:
 
1.Fidelity MSCI Industrials Index ETF which tracks the MSCI USA IMI Industrials Index
2.Fidelity MSCI Health Care Index ETF which tracks the MSCI USA IMI Health Care Index
3.Fidelity MSCI Financials Index ETF which tracks the MSCI USA IMI Financials Index
4.Fidelity MSCI Information Technology Index ETF which tracks the MSCI USA IMI Information Technology Index
5.Fidelity MSCI Telecommunication Services Index ETF which tracks the MSCI USA IMI Telecommunication
6.Fidelity MSCI Consumer Discretionary Index ETF which tracks the MSCI USA IMI Consumer Discretionary Index
7.Fidelity MSCI Consumer Staples Index ETF which tracks the MSCI USA IMI Consumer Staples Index
8.Fidelity MSCI Energy Index ETF which tracks the MSCI USA IMI Energy Index
9.Fidelity MSCI Materials Index ETF which tracks the MSCI USA IMI Materials Index
10.Fidelity MSCI Utilities Index ETF which tracks the MSCI USA IMI Utilities Index

Latest News

Saving and investing app, Moneybox, has doubled the number of ETFs available on the platform, in the light of ‘growing..
Global X ETFs has announced the appointment of Ryan O'Connor as its Chief Executive Officer effective as of April 8, 2024. ..
Value-driven structured credit investing firm, Angel Oak Capital Advisors, LLC, has announced the completed conversions of two of its mutual..
Confidence in the continuing strength of bitcoin and Ethereum is driving wider interest in altcoins and other digital assets, according..

Related Articles

Graham MacKenzie, Toronto Stock Exchange
The evolution of ETFs has been a multi-decade experience for Toronto Stock Exchange says Graham MacKenzie, managing director, Exchange Traded...
Frank Koudelka, State Street Global Services
ETF data provider and ETF Express data partner, Trackinsight, has published its Global ETF Survey 2024 Report: ‘50+ Charts on...
Cryptocurrencies
Matteo Greco, Research Analyst at Fineqia International writes that bitcoin (BTC) ended the week at approximately USD52,150, showing a notable...
US Distribution Awards trophies
The winners of the first US ETF Distribution Awards at the Exchange conference, hosted by ETF Express and sponsored by...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by