About Fidelity MSCI Real Estate Index ETF (FREL)

The Fidelity MSCI Real Estate Index ETF (FREL) is an exchange-traded fund that seeks to provide investment results corresponding to the performance of the MSCI USA IMI Real Estate Index. This index is designed to capture the large, mid, and small-cap segments of the US equity universe. Fidelity Investments, one of the largest asset managers in the world, manages this ETF. FREL offers investors exposure to the real estate sector, which includes real estate management and development companies, REITs, and equity real estate investment trusts.

The performance of FREL is tied to the performance of the MSCI USA IMI Real Estate Index, which is widely regarded as a benchmark for the real estate sector. This index includes companies from various industries such as residential and commercial real estate, real estate investment trusts, and real estate management and development. By investing in FREL, investors gain access to a diversified portfolio of real estate companies, allowing them to participate in the potential growth of the sector.