About Fidelity MSCI Utilities Index ETF (FUTY)

The Fidelity MSCI Utilities Index ETF (FUTY) is an exchange-traded fund that aims to track the performance of the MSCI USA IMI Utilities Index. This index is designed to capture the broad performance of the US utilities sector, which includes companies engaged in the production and delivery of electricity, gas, and water. FUTY provides investors with a convenient way to gain exposure to this sector without having to buy individual stocks. By investing in FUTY, investors can benefit from the potential growth and income opportunities offered by the utilities sector.

One of the key advantages of investing in FUTY is its low expense ratio. With an expense ratio of just 0.08%, FUTY is one of the most cost-effective options for investors seeking exposure to the utilities sector. This low expense ratio helps to minimize the drag on returns, allowing investors to keep more of their investment gains. Additionally, FUTY is designed to provide full physical replication of the index, meaning that it holds all of the stocks in the index in the same proportion as they are represented in the index. This ensures that investors receive the same returns as the index, minus the fees and expenses.