Fidelity’s 10 Sector ETFs Launch Thursday

ETF Trends

Mutual fund giant Fidelity will bolster its footprint in the exchange traded products industry Thursday when the Massachusetts-based firm rolls out 10 sector ETFs.

Earlier this year, Fidelity filed for exemptive relief with the Securities and Exchange Commission to launch 10 U.S. sector-specific ETFs. BlackRock (BLK), the largest U.S. asset manager, will be the sub-advisor for the planned Fidelity sector ETFs.

BlackRock is the parent company of iShares, the world’s largest ETF issuer. iShares has its own broad suite of sector ETFs, including the $1.6 billion iShares U.S. Energy ETF (IYE) and the $1.3 billion iShares U.S. Financials ETF (IYF) . [Fidelity Files to Launch Sector ETFs]

Fidelity will introduce the following ETFs on Thursday:

  • Fidelity MSCI Consumer Discretionary Index ETF (NYSEArca:FDIS) tries to reflect the performance of the MSCI USA IMI Consumer Discretionary Index.
  • Fidelity MSCI Consumer Staples Index ETF (NYSEArca:FTSA) tries to reflect the performance of MSCI USA IMI Consumer Staples Index.
  • Fidelity MSCI Energy Index ETF (FENYF) tries to reflect the performance of MSCI USA IMI Energy Index.
  • Fidelity MSCI Financials Index ETF (NYSEArca:FNCL) tries to reflect the performance of MSCI USA IMI Financials Index.
  • Fidelity MSCI Health Care Index ETF (NYSEArca:FHLC) tries to reflect the performance of MSCI USA IMI Health Care Index.
  • Fidelity MSCI Industrials Index ETF (NYSEArca:FIDU) tries to reflect the performance of MSCI USA IMI Industrials Index.
  • Fidelity MSCI Information Technology Index ETF (NYSEArca:FTEC) tries to reflect the performance of MSCI USA IMI Information Technology Index.
  • Fidelity MSCI Materials Index ETF (NYSEArca:FMAT) tries to reflect the performance of MSCI USA IMI Materials Index.
  • Fidelity MSCI Telecommunications Services Index ETF (NYSEArca:FCOM) tries to reflect the performance of MSCI USA IMI Telecommunications Services 25/50 Index.
  • Fidelity MSCI Utilities Index ETF (NYSEArca:FUTY) tries to reflect the performance of MSCI USA IMI Utilities Index.

Fidelity currently manages one ETF, the Fidelity Nasdaq Composite Index (ONEQ) .

Fidelity and iShares already have a partnership that includes the former offering some iShares ETFs to its clients on a commission-free basis. Earlier this year, the number of iShares ETFs available commission-free to Fidelity clients was more than doubled to 65. [Fidelity, iShares Deepen Ties]

Fidelity and iShares also partner on a managed accounts strategy where iShares ETFs are used as the underlying investments.

ETF Trends editorial team contributed to this post.

The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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