(FTEC) Fidelity MSCI Information - Overview
ETF Category: Technology | Exchange: NYSE ARCA (USA) | Market Cap: 14.694m USD | Total Return: 40.4% in 12m
The Fidelity® MSCI Information Technology Index ETF (FTEC) seeks to track the MSCI USA IMI Information Technology 25/50 Index, allocating at least 80% of its assets to the securities that compose that index. While it may not hold every constituent, its objective is to mirror the performance of the U.S. information-technology sector, and the fund is classified as non-diversified.
As of the most recent filing, FTEC carries an expense ratio of 0.08% and manages roughly $7.5 billion in assets. Its three largest holdings-Apple (AAPL), Microsoft (MSFT), and Nvidia (NVDA)-collectively account for about 30% of the portfolio, reflecting the concentration typical of a sector-focused ETF.
Key drivers for the underlying sector include accelerating corporate spending on artificial-intelligence and cloud infrastructure, robust demand for semiconductors, and strong earnings growth from leading software firms. Over the past 12 months, the MSCI USA IMI Information Technology Index has delivered a total return of approximately 18%, outpacing the broader S&P 500.
For a deeper dive into how FTEC fits within a diversified strategy, consider exploring ValueRay’s analytical tools.
- Technology sector growth fuels ETF performance
- Interest rate hikes impact tech valuations
- Global economic slowdown dampens IT spending
- Regulatory scrutiny targets large tech companies
Over the past week, the price has changed by +4.65%, over one month by -1.39%, over three months by -5.81% and over the past year by +40.35%.
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