V - Fidelity MSCI Information Technology Index ETF: Favorable Long-Term Growth Outlook But Expensive Valuation
ETF Overview
Fidelity MSCI Information Technology Index ETF (FTEC) owns a portfolio of large-cap technology stocks in the United States. The fund seeks to track the MSCI USA IMI Information Technology Index. Most of the large-cap stocks in FTEC's portfolio have competitive positions with moats. The fund should benefit from several technological growth trends in the next few years. While FTEC's valuation may be expensive, stocks in its portfolio should continue to grow rapidly in the next few years. Therefore, we think this is a good core holding for investors, and a pullback will create