TipRanks
The Fidelity MSCI Information Technology Index ETF (NYSEARCA:FTEC) has returned over 40% year to date as tech stocks have raced to large gains in 2023. There’s a lot to like about this $7.4 billion ETF from asset management giant Fidelity beyond this 2023 surge, including its low fees and long-term track record of strong performance. What is FTEC? As you might guess from the ticker, FTEC is asset management giant Fidelity’s tech-focused ETF. The fund’s goal is to “provide investment returns that