FTEC Profile
Fidelity Info Tech MSCI ETF (FTEC) is an exchange-traded fund that seeks to provide investment results that correspond to the performance of the MSCI USA IMI Information Technology Index. The index is designed to measure the performance of the information technology sector of the US equity market.
The ETF invests in a diversified portfolio of US-listed companies that are engaged in the development, production, and distribution of technology products, services, and solutions. The companies included in the index and the ETF span a range of market capitalizations, from large-cap to small-cap.
FTEC is managed by Fidelity Investments, one of the largest asset management companies in the world. The ETF was launched in 2013 and trades on the NYSE Arca under the ticker symbol FTEC. The expense ratio for FTEC is 0.08%, which is relatively low compared to other technology sector ETFs.
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