Fidelity® MSCI Utilities Index ETF company info

What does Fidelity® MSCI Utilities Index ETF do?
Fidelity® MSCI Utilities Index ETF (NYSE:FUTY) focuses on replicating the performance of the MSCI USA IMI Utilities Index, investing at least 80% of its assets in securities included in the fund's underlying index. The ETF targets the utilities sector, aiming to offer investors exposure to U.S. utilities companies involved in the provision of essential services such as electricity, water, and natural gas. The objective is to provide investment returns that correspond generally to the price and yield performance, before fees and expenses, of the MSCI USA IMI Utilities 25/50 Index. Through its strategy, Fidelity® MSCI Utilities Index ETF seeks to offer a diversified portfolio within the utilities segment, catering to investors looking for sector-specific exposure and potential income through dividends, while also aiming for long-term capital growth.
Fidelity® MSCI Utilities Index ETF company media
Company Snapshot

Is Fidelity® MSCI Utilities Index ETF a public or private company?

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Ownership
Public

How many people does Fidelity® MSCI Utilities Index ETF employ?

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Employees
75,010

What sector is Fidelity® MSCI Utilities Index ETF in?

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Sector
ETF

Where is the head office for Fidelity® MSCI Utilities Index ETF?

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Head Office
Boston, United States

What year was Fidelity® MSCI Utilities Index ETF founded?

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Year Founded
2013
What does Fidelity® MSCI Utilities Index ETF specialise in?
/Investment Management /Equity ETF /Utilities Sector /Risk Diversification /Asset Allocation /Portfolio Strategy

What are the products and/or services of Fidelity® MSCI Utilities Index ETF?

Overview of Fidelity® MSCI Utilities Index ETF offerings
Tracks the MSCI USA IMI Utilities 25/50 Index: This index measures the performance of companies in the U.S. utilities sector. This sector encompasses businesses that provide essential services like electricity, water, natural gas, and waste disposal.
Exposure to Utility Companies: By investing in FUTY, you gain exposure to a basket of companies within the U.S. utilities sector. This provides diversification and reduces risk compared to investing in individual utility companies.
Passive Management: FUTY is passively managed, meaning it replicates the holdings of the underlying index and doesn't try to outperform it through security selection. The index provider, MSCI, determines the weighting of each company in the index.
Provides Investment Exposure: FUTY offers investors a way to gain investment exposure to the utilities sector with a single investment. Utilities are often considered relatively stable investments because they provide essential services that people rely on consistently.
Income Potential: Utility companies typically pay dividends to their shareholders. FUTY may also generate income through dividends from the companies it holds.
Expense Ratio: FUTY has an expense ratio, which is a fee that covers the costs of operating the ETF. This fee is deducted from the ETF's returns.