FUTY ISSUER
The Fidelity MSCI Utilities Index ETF (FUTY) is managed by Fidelity Investments, one of the largest and most respected asset management firms globally. Founded in 1946, Fidelity has a long history of providing innovative investment solutions to its clients. FUTY aims to replicate the performance of the MSCI USA IMI Utilities 25/50 Index by investing at least 80% of its assets in securities from this index, which tracks the utilities sector within the U.S. equity market. Fidelity employs a representative sampling indexing strategy to manage the fund, selecting a portfolio of securities with characteristics similar to the index, making FUTY an attractive choice for investors seeking exposure to the utilities sector.
FUTY DIVIDEND
The Fidelity MSCI Utilities Index ETF (FUTY) focuses on tracking the performance of the utilities sector in the U.S. equity market. While its primary objective is not dividend-centric, the ETF's dividend distribution is influenced by the dividend policies and performances of the companies within its underlying index, the MSCI USA IMI Utilities 25/50 Index. Dividends from FUTY are typically distributed on a regular basis, with the frequency depending on the dividend-paying behavior of the constituent companies. Investors seeking exposure to the stability and potential income of the utilities sector may consider FUTY as part of their investment strategy.
FUTY TRACKING
Tracking the MSCI USA IMI Utilities 25/50 Index is the primary objective of the FUTY ETF. FUTY invests at least 80% of its assets in securities included in this index, which represents the performance of the utilities sector in the U.S. equity market. Employing a representative sampling indexing strategy, FUTY aims to hold a diversified portfolio of utilities sector stocks that collectively mimic the characteristics of the index, including market capitalization, industry weightings, and liquidity measures. While FUTY may not hold all the securities in the MSCI USA IMI Utilities 25/50 Index, it provides investors with exposure to the utilities sector's performance within the U.S. equity market.
FUTY CORRELATION
The correlation aspect of the Fidelity MSCI Utilities Index ETF (FUTY) is essential for understanding its performance in relation to the broader utilities sector within the U.S. equity market. FUTY seeks to replicate the MSCI USA IMI Utilities 25/50 Index, indicating a strong correlation with utility companies' stocks. Investors looking for exposure to the utilities sector can rely on FUTY's correlation with its underlying index, making it a valuable tool for sector-specific investments. To delve deeper into FUTY's correlations with other assets and sectors, ETF Insider offers a user-friendly web app with comprehensive visualization tools, allowing investors to identify overlap and make informed portfolio decisions.
FUTY SECTOR
The Fidelity MSCI Utilities ETF (FUTY) primarily focuses on the utilities sector, with at least 80% of its assets invested in securities included in the MSCI USA IMI Utilities 25/50 Index. This sector includes companies involved in the generation, transmission, and distribution of electricity, water, and natural gas. Investing in FUTY provides exposure to stable and income-generating utility companies, making it suitable for investors seeking defensive, dividend-paying assets in their portfolio. Keep in mind that the fund's performance is closely tied to the overall health of the utilities sector, which can be influenced by regulatory changes and economic conditions.
FUTY EXPOSURE
The exposure characteristic of the Fidelity MSCI Utilities Index ETF (FUTY) primarily revolves around the utilities sector within the U.S. equity market. This ETF invests at least 80% of its assets in securities included in the MSCI USA IMI Utilities 25/50 Index, providing investors with a targeted approach to the utilities industry. FUTY utilizes a representative sampling indexing strategy, seeking to replicate the performance of the utilities sector while potentially offering a similar risk-return profile to the index. For in-depth insights into FUTY''s exposure and correlations, investors can turn to ETF Insider''s web app, which offers comprehensive data visualization tools to better understand this ETF''s position in the market.