PSX - Fidelity MSCI Energy Index: The Road To Recovery Will Be Bumpy But There Is Hope
ETF Overview
Fidelity MSCI Energy Index (FENY) owns a portfolio of large and giant cap U.S. stocks in the energy sector. The ETF seeks to track the performance of the MSCI USA IMI Energy Index. The outbreak of COVID-19 has caused a lot of challenges for stocks in FENY’s portfolio. However, we believe many large-cap and giant-cap companies in FENY’s portfolio will be able to buy many distressed assets at low valuations thanks to their strong balance sheets. Hence, they should eventually become winners once the energy market recovers. Due to the possibility